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

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) announced a monthly dividend on Thursday, October 31st, Zacks reports. Stockholders of record on Wednesday, November 13th will be paid a dividend of 0.025 per share by the utilities provider on Wednesday, November 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, November 13th.

Global Water Resources has decreased its dividend by an average of 1.9% annually over the last three years. Global Water Resources has a dividend payout ratio of 96.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Research analysts expect Global Water Resources to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 96.8%.

Global Water Resources Stock Down 0.7 %

Shares of Global Water Resources stock traded down $0.09 during trading on Friday, reaching $12.40. The stock had a trading volume of 21,348 shares, compared to its average volume of 23,671. The company has a market capitalization of $300.29 million, a price-to-earnings ratio of 47.69, a P/E/G ratio of 3.09 and a beta of 0.97. The stock has a fifty day moving average price of $12.59 and a two-hundred day moving average price of $12.47. Global Water Resources has a 52 week low of $9.60 and a 52 week high of $13.42. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 2.53.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The firm had revenue of $13.51 million during the quarter, compared to the consensus estimate of $13.60 million. Global Water Resources had a net margin of 11.91% and a return on equity of 13.45%. During the same quarter last year, the firm earned $0.07 earnings per share. Sell-side analysts predict that Global Water Resources will post 0.27 EPS for the current fiscal 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.