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

Global Water Resources, Inc. (NASDAQ:GWRS) announced a oct 25 dividend on Tuesday, September 30th, RTT News reports. Investors of record on Friday, October 17th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, October 31st. This represents a yield of 295.0%. The ex-dividend date of this dividend is Friday, October 17th.

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 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 Performance

Shares of Global Water Resources stock opened at $9.97 on Thursday. The business’s fifty day simple moving average is $9.86 and its 200 day simple moving average is $10.17. The firm has a market capitalization of $273.88 million, a P/E ratio of 45.32 and a beta of 1.06. Global Water Resources has a 12 month low of $9.27 and a 12 month high of $13.98. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.54.

Global Water Resources (NASDAQ:GWRS) last issued its quarterly earnings results on Wednesday, August 13th. The utilities provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $14.24 million for the quarter, compared to analyst estimates of $14.20 million. Global Water Resources had a return on equity of 9.67% and a net margin of 10.27%. As a group, analysts anticipate that Global Water Resources will post 0.28 EPS for the current 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.