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

Key Points

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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. Stockholders of record on Friday, August 15th will be given a dividend of 0.0253 per share by the utilities provider on Friday, August 29th. This represents a dividend yield of 310.0%. The ex-dividend date is Friday, August 15th.

Global Water Resources has a 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 Price Performance

Shares of NASDAQ:GWRS traded up $0.21 during midday trading on Monday, reaching $9.83. 39,530 shares of the company's stock were exchanged, compared to its average volume of 67,114. The company's 50 day simple moving average is $10.28 and its two-hundred day simple moving average is $10.65. The firm has a market capitalization of $269.83 million, a PE ratio of 42.74, a price-to-earnings-growth ratio of 2.98 and a beta of 1.05. Global Water Resources has a 12 month low of $9.37 and a 12 month high of $13.98. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.55 and a current ratio of 1.55.

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. Global Water Resources had a net margin of 10.63% and a return on equity of 11.27%. The firm had revenue of $12.46 million during the quarter, compared to the consensus estimate of $12.00 million. Equities research analysts expect 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, 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.