Global Water Resources Inc (GWRS) To Go Ex-Dividend on January 16th

Global Water Resources Inc (NASDAQ:GWRS) announced a monthly dividend on Monday, December 31st, Wall Street Journal reports. Stockholders of record on Thursday, January 17th will be given a dividend of 0.0239 per share by the utilities provider on Thursday, January 31st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date of this dividend is Wednesday, January 16th.

Global Water Resources has a dividend payout ratio of 152.6% 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 $0.16 per share next year, which means the company may not be able to cover its $0.29 annual dividend with an expected future payout ratio of 181.3%.

GWRS opened at $9.89 on Friday. The firm has a market capitalization of $211.06 million, a PE ratio of 54.61, a price-to-earnings-growth ratio of 4.10 and a beta of -0.09. Global Water Resources has a 12-month low of $8.40 and a 12-month high of $11.61. The company has a quick ratio of 2.30, a current ratio of 2.30 and a debt-to-equity ratio of 3.89.

Global Water Resources (NASDAQ:GWRS) last released its earnings results on Friday, November 9th. The utilities provider reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The business had revenue of $9.00 million during the quarter, compared to analysts’ expectations of $8.90 million. Global Water Resources had a net margin of 16.95% and a return on equity of 19.57%. Sell-side analysts anticipate that Global Water Resources will post 0.17 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Global Water Resources from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Tuesday, November 13th. ValuEngine upgraded Global Water Resources from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Finally, TheStreet lowered Global Water Resources from a “b-” rating to a “c+” rating in a report on Monday, November 5th.

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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, 2017, it served approximately 51,000 people in approximately 20,000 homes. The company was founded in 2003 and is based in Phoenix, Arizona.

Further Reading: Fundamental Analysis and Choosing Stocks

Dividend History for Global Water Resources (NASDAQ:GWRS)

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