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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a dividend on Wednesday, November 27th,NASDAQ Dividends reports. Investors of record on Monday, December 16th will be paid a dividend of 0.0253 per share by the utilities provider on Monday, December 30th. The ex-dividend date of this dividend is Monday, December 16th. This is a positive change from Global Water Resources’s previous dividend of $0.02.

Global Water Resources has decreased its dividend by an average of 1.9% per year over the last three years. Global Water Resources has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities 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 Price Performance

Shares of NASDAQ:GWRS opened at $13.42 on Friday. The company’s 50-day moving average is $12.70 and its 200 day moving average is $12.55. 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 company has a market capitalization of $325.03 million, a P/E ratio of 49.70, a price-to-earnings-growth ratio of 3.20 and a beta of 0.96. Global Water Resources has a fifty-two week low of $11.41 and a fifty-two week high of $13.98.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Global Water Resources had a return on equity of 14.23% and a net margin of 12.52%. The business had revenue of $14.32 million for the quarter, compared to analysts’ expectations of $14.65 million. During the same period in the previous year, the business posted $0.11 EPS. On average, equities research analysts forecast that Global Water Resources will post 0.28 earnings per share 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.