Global Water Resources, Inc. (GWRS) to Issue Monthly Dividend of $0.03 on February 28th

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid 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 yield of 2.69%. 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% per year over the last three years. Global Water Resources has a dividend payout ratio of 75.0% indicating that its dividend is sufficiently covered by earnings. 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 Down 0.4 %

GWRS stock opened at $11.32 on Wednesday. The business has a 50-day moving average of $11.83 and a 200-day moving average of $12.34. Global Water Resources has a fifty-two week low of $11.05 and a fifty-two week high of $13.98. The stock has a market capitalization of $274.17 million, a P/E ratio of 41.93, a P/E/G ratio of 2.56 and a beta of 0.99. The company has a debt-to-equity ratio of 2.47, a current ratio of 1.62 and a quick ratio of 1.63.

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.