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

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) announced 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 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, February 14th.

Global Water Resources has raised its dividend payment by an average of 1.0% annually over the last three years. Global Water Resources has a dividend payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of GWRS stock traded down $0.03 during trading hours on Thursday, reaching $11.34. The stock had a trading volume of 32,467 shares, compared to its average volume of 33,119. The firm has a market capitalization of $274.65 million, a PE ratio of 42.00, a PEG ratio of 2.60 and a beta of 0.99. Global Water Resources has a 12 month low of $11.05 and a 12 month high of $13.98. The stock's fifty day simple moving average is $11.96 and its 200 day simple moving average is $12.38. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $14.32 million during 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 quarter in the prior year, the firm earned $0.11 earnings per share. On average, equities research analysts predict that Global Water Resources will post 0.28 EPS for the current year.

Global Water Resources Company Profile

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.