Global Water Resources, Inc. Announces Monthly Dividend of $0.03 (NASDAQ:GWRS)

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Investors of record on Friday, January 17th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, January 31st. This represents a $0.30 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Friday, January 17th.

Global Water Resources has decreased its dividend payment by an average of 1.9% annually over the last three years. Global Water Resources has a payout ratio of 100.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Global Water Resources to earn $0.30 per share next year, which means the company may not be able to cover its $0.30 annual dividend with an expected future payout ratio of 100.0%.

Global Water Resources Trading Up 0.5 %

Shares of Global Water Resources stock traded up $0.06 during trading hours on Tuesday, hitting $11.50. The company’s stock had a trading volume of 25,649 shares, compared to its average volume of 24,828. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $278.55 million, a PE ratio of 42.59, a P/E/G ratio of 2.95 and a beta of 0.96. The business has a fifty day moving average of $12.58 and a 200 day moving average of $12.48. Global Water Resources has a 1-year low of $11.24 and a 1-year high of $13.98.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Wednesday, November 6th. The utilities provider reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.65 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. During the same period in the previous year, the company posted $0.11 EPS. As a group, equities analysts forecast that Global Water Resources will post 0.28 EPS for the current year.

About Global Water Resources

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.