Global Water Resources, Inc. (GWRS) To Go Ex-Dividend on February 13th

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, January 30th. Investors of record on Friday, February 13th will be given a dividend of 0.0253 per share by the utilities provider on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, February 13th.

Global Water Resources has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 8 years. Global Water Resources has a dividend payout ratio of 107.1% meaning 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

GWRS stock traded up $0.15 during midday trading on Wednesday, reaching $9.26. 18,135 shares of the company’s stock traded hands, compared to its average volume of 54,488. The firm has a market capitalization of $266.08 million, a PE ratio of 57.86 and a beta of 0.99. The company has a 50-day moving average price of $8.63 and a two-hundred day moving average price of $9.39. Global Water Resources has a 52 week low of $8.28 and a 52 week high of $11.84. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.18 and a current ratio of 1.18.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). Global Water Resources had a return on equity of 6.84% and a net margin of 7.87%.The company had revenue of $15.52 million during the quarter, compared to the consensus estimate of $15.20 million. As a group, equities analysts anticipate that Global Water Resources will post 0.28 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on GWRS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Global Water Resources in a research note on Thursday, January 22nd. Roth Mkm set a $15.00 target price on shares of Global Water Resources in a research note on Monday, November 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Global Water Resources presently has an average rating of “Hold” and an average target price of $15.00.

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.