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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, February 14th.

Global Water Resources has increased its dividend by an average of 1.0% per year over the last three years. Global Water Resources has a payout ratio of 75.0% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.4 %

Shares of Global Water Resources stock opened at $11.32 on Wednesday. The firm’s 50-day moving average price is $11.83 and its 200 day moving average price is $12.34. Global Water Resources has a twelve month low of $11.05 and a twelve month high of $13.98. The firm has a market capitalization of $274.17 million, a PE ratio of 41.93, a P/E/G ratio of 2.56 and a beta of 0.99. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

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.