Global Water Resources, Inc. (GWRS) To Go Ex-Dividend on April 16th

Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Tuesday, March 31st. Stockholders of record on Thursday, April 16th will be paid a dividend of 0.0253 per share by the utilities provider on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, April 16th.

Global Water Resources has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Global Water Resources has a dividend payout ratio of 107.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Performance

Global Water Resources stock opened at $7.64 on Tuesday. The stock’s 50 day moving average is $8.21 and its 200 day moving average is $8.87. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.54. Global Water Resources has a twelve month low of $7.12 and a twelve month high of $11.17. The company has a market capitalization of $219.76 million, a P/E ratio of 76.41 and a beta of 1.04.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings results on Wednesday, March 4th. The utilities provider reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). Global Water Resources had a net margin of 5.30% and a return on equity of 4.73%. The firm had revenue of $13.54 million for the quarter, compared to the consensus estimate of $13.73 million. On average, equities research analysts predict that Global Water Resources will post 0.28 earnings per share for the current fiscal year.

Global Water Resources Company Profile

Global Water Resources, Inc (NASDAQ:GWRS) is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona.

The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.