Global Water Resources, Inc. Plans Monthly Dividend of $0.02 (GWRS)
Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, September 30th. Shareholders of record on Monday, October 17th will be paid a dividend of 0.022 per share on Monday, October 31st. This represents a $0.26 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, October 13th.
Global Water Resources (NASDAQ:GWRS) opened at 8.01 on Monday. The firm has a 50-day moving average of $7.99 and a 200 day moving average of $7.87. Global Water Resources has a 52 week low of $6.23 and a 52 week high of $9.18. The firm has a market capitalization of $153.57 million and a PE ratio of 8.24.
Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.21.
GWRS has been the subject of several recent research reports. Zacks Investment Research raised shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Tuesday, August 2nd. Roth Capital reiterated a “buy” rating on shares of Global Water Resources in a research note on Saturday, July 9th.
In other Global Water Resources news, Director William S. Levine bought 10,917 shares of Global Water Resources stock in a transaction dated Friday, September 30th. The stock was bought at an average cost of $7.82 per share, for a total transaction of $85,370.94. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director William S. Levine bought 10,000 shares of Global Water Resources stock in a transaction dated Wednesday, September 7th. The shares were acquired at an average price of $7.93 per share, with a total value of $79,300.00. The disclosure for this purchase can be found here.
Several institutional investors have recently added to or reduced their stakes in GWRS. State Street Corp acquired a new position in Global Water Resources during the second quarter valued at approximately $456,000. Spark Investment Management LLC acquired a new position in Global Water Resources during the second quarter valued at approximately $231,000. Finally, WFG Advisors LP acquired a new position in Global Water Resources during the second quarter valued at approximately $325,000.
Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company that provides water, wastewater and recycled water utility services. The Company owns and operates 16 water and wastewater utilities in strategically targeted communities in metropolitan Phoenix, Arizona. It serves more than 60,000 people in approximately 23,000 homes within its 378 square miles of service areas; 206 square miles have been certificated and are serviced by seven regulated operating subsidiaries.
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