Global Water Resources, Inc. (NASDAQ:GWRS – Get Free Report) declared a monthly dividend on Friday, May 29th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0253 per share by the utilities provider on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 15th.
Global Water Resources has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. Global Water Resources has a dividend payout ratio of 107.1% meaning 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 $0.11 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 272.7%.
Global Water Resources Stock Up 0.6%
Shares of Global Water Resources stock opened at $7.03 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.68 and a quick ratio of 0.68. Global Water Resources has a 1 year low of $6.55 and a 1 year high of $11.17. The firm’s 50-day moving average is $7.29 and its two-hundred day moving average is $8.05. The stock has a market cap of $202.18 million, a price-to-earnings ratio of 100.43 and a beta of 0.92.
About Global Water Resources
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.
Featured Stories
- Five stocks we like better than Global Water Resources
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
- TJX: Retail’s Apex Predator Feasts on Inflation
- MarketBeat Week in Review – 06/08 – 06/12
- SpaceX Rings the Bell and Shatters Every Record
Receive News & Ratings for Global Water Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Water Resources and related companies with MarketBeat.com's FREE daily email newsletter.
