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

Global Water Resources Inc (NASDAQ:GWRS) announced a monthly dividend on Thursday, October 31st, Fidelity reports. Shareholders 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 2.38%. The ex-dividend date of this dividend is Friday, November 8th.

Global Water Resources stock traded up $0.08 during trading hours on Wednesday, reaching $12.05. 89 shares of the company were exchanged, compared to its average volume of 17,598. The firm has a market cap of $262.75 million, a price-to-earnings ratio of 80.27, a PEG ratio of 5.42 and a beta of 0.05. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 4.28. The stock has a 50-day moving average of $12.13 and a 200 day moving average of $11.12. Global Water Resources has a 12 month low of $9.00 and a 12 month high of $13.33.

Global Water Resources (NASDAQ:GWRS) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $9.12 million during the quarter, compared to analysts’ expectations of $9.30 million. Global Water Resources had a return on equity of 7.03% and a net margin of 5.73%. As a group, research analysts forecast that Global Water Resources will post 0.15 EPS for the current year.

A number of equities research analysts have issued reports on the company. Zacks Investment Research raised Global Water Resources from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, October 9th. TheStreet raised Global Water Resources from a “c” rating to a “b-” rating in a research report on Thursday, August 8th. ValuEngine raised Global Water Resources from a “hold” rating to a “buy” rating in a research report on Wednesday, October 30th. Finally, BidaskClub cut Global Water Resources from a “strong-buy” rating to a “buy” rating in a research report 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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