Global Water Resources, Inc. (GWRS) To Go Ex-Dividend on July 17th

Global Water Resources, Inc. (NASDAQ:GWRS) announced a monthly dividend on Tuesday, June 30th. Investors of record on Friday, July 17th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, July 17th.

Global Water Resources has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Global Water Resources has a dividend 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. 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 Performance

GWRS stock opened at $7.07 on Wednesday. The company has a 50 day moving average price of $7.08 and a 200 day moving average price of $7.82. Global Water Resources has a fifty-two week low of $6.55 and a fifty-two week high of $11.17. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.68 and a quick ratio of 0.68. The stock has a market capitalization of $203.33 million, a PE ratio of 101.00 and a beta of 0.92.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, May 13th. The utilities provider reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $13.29 million for the quarter, compared to analyst estimates of $14.09 million. Global Water Resources had a return on equity of 3.53% and a net margin of 3.53%. Analysts forecast that Global Water Resources will post 0.08 EPS for the current year.

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.