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

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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 paid 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 yield of 2.39%. The ex-dividend date of this dividend is Friday, November 8th.

GWRS traded up $0.05 on Wednesday, reaching $11.97. 16,800 shares of the company traded hands, compared to its average volume of 17,598. Global Water Resources has a one year low of $9.00 and a one year high of $13.33. The firm has a fifty day simple moving average of $12.13 and a two-hundred day simple moving average of $11.12. The company has a market cap of $262.75 million, a P/E ratio of 79.80, a price-to-earnings-growth ratio of 5.42 and a beta of 0.05. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 4.28.

Global Water Resources (NASDAQ:GWRS) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Global Water Resources had a net margin of 5.73% and a return on equity of 7.03%. The company had revenue of $9.12 million during the quarter, compared to analyst estimates of $9.30 million. On average, equities analysts forecast that Global Water Resources will post 0.15 earnings per share for the current year.

A number of equities research analysts recently weighed in on the stock. TheStreet upgraded shares of Global Water Resources from a “c” rating to a “b-” rating in a report on Thursday, August 8th. Zacks Investment Research upgraded shares of Global Water Resources from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, October 9th. BidaskClub lowered shares of Global Water Resources from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, ValuEngine upgraded shares of Global Water Resources from a “hold” rating to a “buy” rating in a report on Wednesday, October 30th.

About Global Water Resources

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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