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

Global Water Resources, Inc. (NASDAQ:GWRS) announced a monthly dividend on Monday, February 3rd,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.0253 per share by the utilities provider on Friday, February 28th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, February 14th.

Global Water Resources has increased its dividend payment by an average of 1.0% annually over the last three years. Global Water Resources has a dividend payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 0.4 %

GWRS traded up $0.04 during trading on Monday, reaching $11.54. 35,811 shares of the stock were exchanged, compared to its average volume of 32,450. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.63 and a current ratio of 1.62. The stock’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $12.40. Global Water Resources has a twelve month low of $11.05 and a twelve month high of $13.98. The stock has a market cap of $279.57 million, a P/E ratio of 42.75, a price-to-earnings-growth ratio of 2.60 and a beta of 0.99.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $14.32 million for the quarter, compared to analyst estimates of $14.65 million. Global Water Resources had a net margin of 12.52% and a return on equity of 14.23%. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts expect that Global Water Resources will post 0.28 EPS for the current year.

About Global Water Resources

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.