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

Key Points

• Global Water Resources, Inc. has declared a dividend of $0.03 to be issued on September 30 for investors of record as of September 16.
• The company is experiencing a dividend payout ratio of 107.1%, indicating it cannot currently cover its dividend payments solely from earnings.
• Global Water Resources reported a quarterly EPS of $0.06, matching consensus estimates, with future earnings expected at $0.30 per share for next year.

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) announced a sep 25 dividend on Friday, August 29th, RTT News reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.0253 per share by the utilities provider on Tuesday, September 30th. This represents a yield of 315.0%. The ex-dividend date of this dividend is Tuesday, September 16th.

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 Stock Down 3.1%

NASDAQ GWRS traded down $0.30 during trading on Tuesday, hitting $9.36. The company's stock had a trading volume of 47,288 shares, compared to its average volume of 46,955. Global Water Resources has a fifty-two week low of $9.34 and a fifty-two week high of $13.98. The company has a market cap of $257.12 million, a PE ratio of 42.55 and a beta of 1.04. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.09 and a quick ratio of 1.09. The business's 50 day simple moving average is $10.05 and its 200-day simple moving average is $10.39.

Global Water Resources (NASDAQ:GWRS - Get Free Report) last released its earnings results on Wednesday, August 13th. The utilities provider reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06. Global Water Resources had a net margin of 10.27% and a return on equity of 9.67%. The company had revenue of $14.24 million during the quarter, compared to analysts' expectations of $14.20 million. On average, equities analysts anticipate that Global Water Resources will post 0.28 EPS 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.