Global Water Resources Inc (GWR) to Issue Monthly Dividend of $0.06 on September 30th

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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 annualized dividend and a yield of 4.55%. The ex-dividend date is Friday, September 13th. This is an increase 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. The stock had a trading volume of 100 shares, compared to its average volume of 2,584. The company has a market capitalization of $342.22 million and a PE ratio of 182.53. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 428.43. The firm’s fifty day moving average is C$15.80 and its 200 day moving average is C$13.89. Global Water Resources has a 12 month low of C$12.00 and a 12 month high of C$17.53.

Global Water Resources (TSE:GWR) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$0.05 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$0.05. The firm had revenue of C$12.20 million for the quarter, compared to the consensus estimate of C$12.23 million. Equities research analysts expect that Global Water Resources will post 0.07 EPS for the current fiscal year.

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 (TSE:GWR)

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