Global Water Resources, Inc. Declares Aug 25 Dividend of $0.03 (NASDAQ:GWRS)

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Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) declared a aug 25 dividend on Thursday, July 31st, RTT News reports. Shareholders of record on Friday, August 15th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, August 29th. This represents a yield of 310.0%. The ex-dividend date is Friday, August 15th.

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 $0.30 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 Up 0.7%

NASDAQ GWRS traded up $0.07 during trading on Friday, reaching $9.62. 190,712 shares of the stock traded hands, compared to its average volume of 57,578. Global Water Resources has a fifty-two week low of $9.37 and a fifty-two week high of $13.98. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.54. The firm has a market cap of $264.07 million, a price-to-earnings ratio of 41.83, a price-to-earnings-growth ratio of 2.96 and a beta of 1.05. The stock's 50-day moving average price is $10.28 and its 200 day moving average price is $10.67.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $12.46 million during the quarter, compared to analyst estimates of $12.00 million. Global Water Resources had a net margin of 10.63% and a return on equity of 11.27%. Analysts predict that Global Water Resources will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Global Water Resources from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

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.