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

Global Water Resources, Inc. (NASDAQ:GWRS) announced a monthly dividend on Friday, January 31st,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0253 per share by the utilities provider on Friday, February 28th. This represents a $0.30 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, February 14th.

Global Water Resources has raised its dividend payment by an average of 1.0% annually over the last three years. Global Water Resources has a payout ratio of 75.0% meaning its dividend is sufficiently covered by earnings. 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 Trading Down 0.4 %

GWRS opened at $11.32 on Wednesday. The firm has a market cap of $274.17 million, a price-to-earnings ratio of 41.93, a PEG ratio of 2.56 and a beta of 0.99. Global Water Resources has a 12 month low of $11.05 and a 12 month high of $13.98. 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 stock has a fifty day moving average price of $11.83 and a 200-day moving average price of $12.34.

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.