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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, February 27th. Shareholders of record on Tuesday, March 17th will be paid a dividend of 0.0253 per share by the utilities provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 17th.

Global Water Resources has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Global Water Resources has a dividend payout ratio of 107.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Global Water Resources stock opened at $7.36 on Friday. The company’s 50-day moving average price is $8.67 and its 200-day moving average price is $9.20. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.54. The company has a market cap of $211.67 million, a PE ratio of 73.61 and a beta of 0.96. Global Water Resources has a twelve month low of $7.12 and a twelve month high of $11.39.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings results on Wednesday, March 4th. The utilities provider reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $13.54 million during the quarter, compared to the consensus estimate of $13.73 million. Global Water Resources had a net margin of 5.30% and a return on equity of 4.73%. On average, equities research analysts forecast that Global Water Resources will post 0.28 EPS for the current fiscal year.

Global Water Resources Company Profile

Global Water Resources, Inc (NASDAQ:GWRS) is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.