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

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Tuesday, December 31st,Wall Street Journal reports. Investors of record on Friday, January 17th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, January 31st. This represents a $0.30 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date is Friday, January 17th.

Global Water Resources has decreased its dividend payment 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 fall. 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 Performance

GWRS stock traded up $0.06 during trading on Tuesday, reaching $11.50. 25,649 shares of the stock were exchanged, compared to its average volume of 24,828. The stock has a 50 day simple moving average of $12.58 and a 200-day simple moving average of $12.48. The company has a current ratio of 1.62, a quick ratio of 1.63 and a debt-to-equity ratio of 2.47. The company has a market capitalization of $278.55 million, a P/E ratio of 42.59, a price-to-earnings-growth ratio of 2.95 and a beta of 0.96. Global Water Resources has a twelve month low of $11.24 and a twelve month 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. The company had revenue of $14.32 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $0.11 EPS. As a group, sell-side analysts anticipate 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.