Global Water Resources Inc Announces Monthly Dividend of $0.02 (NASDAQ:GWRS)

Global Water Resources Inc (NASDAQ:GWRS) announced a monthly dividend on Thursday, October 31st, Fidelity reports. Investors of record on Tuesday, November 12th will be given a dividend of 0.0239 per share by the utilities provider on Tuesday, November 26th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date of this dividend is Friday, November 8th.

NASDAQ:GWRS opened at $11.99 on Thursday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.73 and a current ratio of 1.73. Global Water Resources has a 52-week low of $9.00 and a 52-week high of $13.33. The firm has a market cap of $256.72 million, a price-to-earnings ratio of 119.20, a PEG ratio of 5.30 and a beta of 0.05. The business’s fifty day moving average is $12.11 and its 200 day moving average is $11.13.

Global Water Resources (NASDAQ:GWRS) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Global Water Resources had a return on equity of 7.03% and a net margin of 5.73%. The company had revenue of $9.12 million for the quarter, compared to analyst estimates of $9.30 million. Equities analysts predict that Global Water Resources will post 0.14 EPS for the current fiscal year.

A number of research firms recently issued reports on GWRS. TheStreet upgraded Global Water Resources from a “c” rating to a “b-” rating in a research note on Thursday, August 8th. ValuEngine upgraded Global Water Resources from a “hold” rating to a “buy” rating in a research note on Wednesday, October 30th. BidaskClub lowered Global Water Resources from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Finally, Zacks Investment Research lowered Global Water Resources from a “buy” rating to a “hold” rating in a research note on Wednesday.

Global Water Resources Company Profile

Global Water Resources, Inc, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities primarily in metropolitan Phoenix, Arizona. As of December 31, 2018, it served approximately 55,000 people in 21,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

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Dividend History for Global Water Resources (NASDAQ:GWRS)

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