Global Water Resources, Inc. (GWRS) To Go Ex-Dividend on July 17th

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, June 28th, Zacks reports. Stockholders of record on Wednesday, July 17th will be paid a dividend of 0.025 per share by the utilities provider on Wednesday, July 31st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Wednesday, July 17th.

Global Water Resources has decreased its dividend payment by an average of 1.9% annually over the last three years. Global Water Resources has a payout ratio of 96.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Global Water Resources to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 96.8%.

Global Water Resources Stock Performance

Shares of GWRS opened at $12.10 on Friday. The firm has a 50-day moving average of $12.48 and a 200-day moving average of $12.55. Global Water Resources has a one year low of $9.34 and a one year high of $13.43. The company has a market cap of $292.58 million, a PE ratio of 46.54, a price-to-earnings-growth ratio of 2.83 and a beta of 1.00. The company has a debt-to-equity ratio of 2.56, a current ratio of 1.83 and a quick ratio of 1.83.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. Global Water Resources had a net margin of 12.05% and a return on equity of 13.32%. The company had revenue of $11.61 million during the quarter, compared to the consensus estimate of $11.50 million. As a group, equities analysts forecast that Global Water Resources will post 0.28 earnings per share for the current year.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water systems primarily in metropolitan Phoenix and Tucson, Arizona. It serves approximately 82,000 people in approximately 32,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.