Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) announced a monthly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.0253 per share by the utilities provider on Monday, March 31st. This represents a $0.30 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Monday, March 17th.
Global Water Resources has increased its dividend payment by an average of 1.0% per year over the last three years. Global Water Resources has a dividend payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. Equities 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 1.9 %
NASDAQ GWRS traded up $0.22 during trading on Thursday, hitting $11.61. The stock had a trading volume of 20,870 shares, compared to its average volume of 24,824. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62. The stock has a market capitalization of $281.22 million, a price-to-earnings ratio of 43.00, a P/E/G ratio of 2.53 and a beta of 1.01. Global Water Resources has a one year low of $11.05 and a one year high of $13.98. The stock has a 50 day simple moving average of $11.53 and a 200 day simple moving average of $12.22.
Global Water Resources (NASDAQ:GWRS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $13.29 million during the quarter, compared to the consensus estimate of $12.70 million. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. Sell-side analysts predict that Global Water Resources will post 0.28 earnings per share for the current year.
Global Water Resources Company Profile
(
Get Free Report)
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.
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