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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Tuesday, June 30th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, July 17th.

Global Water Resources has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 8 years. Global Water Resources has a 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 $0.11 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 272.7%.

Global Water Resources Stock Down 0.1%

Shares of GWRS traded down $0.01 on Tuesday, reaching $7.24. The stock had a trading volume of 103,754 shares, compared to its average volume of 93,955. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.68 and a current ratio of 0.68. Global Water Resources has a 12-month low of $6.55 and a 12-month high of $11.17. The firm has a market capitalization of $208.22 million, a price-to-earnings ratio of 103.43 and a beta of 0.92. The company has a 50-day simple moving average of $7.14 and a 200-day simple moving average of $7.93.

Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Wednesday, May 13th. The utilities provider reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $13.29 million for the quarter, compared to analyst estimates of $14.09 million. Global Water Resources had a net margin of 3.53% and a return on equity of 3.53%. Sell-side analysts predict that Global Water Resources will post 0.08 EPS for the current 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.