Global Water Resources, Inc. Declares Monthly Dividend of $0.03 (NASDAQ:GWRS)

Global Water Resources, Inc. (NASDAQ:GWRS - Get Free Report) declared a monthly dividend on Tuesday, December 30th. Investors of record on Friday, January 16th will be paid a dividend of 0.0253 per share by the utilities provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, January 16th.Get Global Water Resources alerts:Global Water Resources has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 8 years. 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. Research 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 Trading Down 0.1%Shares of NASDAQ:GWRS traded down $0.01 during trading on Wednesday, reaching $8.51. The stock had a trading volume of 89,218 shares, compared to its average volume of 58,954. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.42. The stock has a market cap of $244.52 million, a P/E ratio of 53.16 and a beta of 0.98. The business has a fifty day moving average price of $9.07 and a 200-day moving average price of $9.75. Global Water Resources has a fifty-two week low of $8.28 and a fifty-two week high of $12.32. Global Water Resources (NASDAQ:GWRS - Get Free Report) last announced its earnings results on Wednesday, November 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The firm had revenue of $15.52 million for the quarter, compared to analyst estimates of $15.20 million. Global Water Resources had a return on equity of 6.84% and a net margin of 7.87%. As a group, analysts anticipate that Global Water Resources will post 0.28 earnings per share for the current fiscal year. About Global Water Resources (Get Free Report)Global Water Resources, Inc NASDAQ: GWRS is a publicly traded holding company based in Scottsdale, Arizona, specializing in the ownership and management of water and wastewater utilities. The company provides critical potable water delivery, wastewater collection and treatment, and reclaimed water services to residential, commercial and industrial customers across select communities in Central and Southern Arizona. The company operates multiple regulated utility systems, serving communities such as Anthem, Biltmore, Florence and San Tan Valley.Further ReadingFive stocks we like better than Global Water ResourcesDo not delete, read immediatelyALERT: Drop these 5 stocks before January 2026!The Crash Has Already Started (Most Just Don’t See It Yet)[No Brainer Gold Play]: “Show me a better investment.”INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Global Water Resources Right Now?Before you consider Global Water Resources, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Global Water Resources wasn't on the list.While Global Water Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here