Global Water Resources Inc (TSE:GWR) to Issue Monthly Dividend of $0.06

Global Water Resources Inc (TSE:GWR) announced a monthly dividend on Thursday, August 29th, Zacks reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.063 per share on Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date of this dividend is Friday, September 13th. This is a boost from Global Water Resources’s previous monthly dividend of $0.03.

Shares of TSE:GWR traded up C$0.72 during trading on Wednesday, hitting C$16.61. 100 shares of the company’s stock were exchanged, compared to its average volume of 2,584. The business’s 50-day simple moving average is C$15.80 and its 200 day simple moving average is C$13.89. The company has a market cap of $342.22 million and a price-to-earnings ratio of 182.53. Global Water Resources has a 52-week low of C$12.00 and a 52-week high of C$17.53. The company has a debt-to-equity ratio of 428.43, a current ratio of 1.73 and a quick ratio of 1.65.

Global Water Resources (TSE:GWR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.05. The business had revenue of C$12.20 million during the quarter, compared to analysts’ expectations of C$12.23 million. On average, sell-side analysts anticipate that Global Water Resources will post 0.07 EPS for the current fiscal year.

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 (TSE:GWR)

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