Global Water Resources Inc (TSE:GWR) to Issue Monthly Dividend of $0.06
Global Water Resources Inc (TSE:GWR) declared a monthly dividend on Thursday, August 29th, Zacks reports. Shareholders of record on Monday, September 16th will be given a dividend of 0.063 per share on Monday, September 30th. This represents a $0.76 annualized dividend and a yield of 4.55%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Global Water Resources’s previous monthly dividend of $0.03.
GWR traded up C$0.72 during mid-day trading on Wednesday, reaching C$16.61. The stock had a trading volume of 100 shares, compared to its average volume of 2,600. The firm’s fifty day simple moving average is C$15.80 and its two-hundred day simple moving average is C$13.89. The stock has a market capitalization of $342.22 million and a P/E ratio of 182.53. Global Water Resources has a 52 week low of C$12.00 and a 52 week high of C$17.53. The company has a debt-to-equity ratio of 428.43, a quick ratio of 1.65 and a current ratio of 1.73.
Global Water Resources (TSE:GWR) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.05. The firm had revenue of C$12.20 million for the quarter, compared to analyst estimates of C$12.23 million. As a group, analysts expect that Global Water Resources will post 0.07 EPS for the current fiscal year.
Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.
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