Global Water Resources, Inc. Plans Monthly Dividend of $0.02 (GWRS)
Global Water Resources, Inc. (NASDAQ:GWRS) declared a monthly dividend on Friday, September 29th, NASDAQ reports. Shareholders of record on Tuesday, October 17th will be paid a dividend of 0.023 per share by the utilities provider on Tuesday, October 31st. This represents a $0.28 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend is Monday, October 16th.
Shares of Global Water Resources (NASDAQ GWRS) traded down 0.83% during trading on Wednesday, reaching $9.54. 7,639 shares of the company’s stock were exchanged. The stock has a market cap of $187.04 million, a PE ratio of 106.00 and a beta of 0.25. The stock’s 50 day moving average price is $9.60 and its 200-day moving average price is $9.60. Global Water Resources has a 52-week low of $7.56 and a 52-week high of $10.00.
Global Water Resources (NASDAQ:GWRS) last posted its quarterly earnings data on Tuesday, August 8th. The utilities provider reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Global Water Resources had a return on equity of 10.46% and a net margin of 5.05%. The firm had revenue of $8.15 million for the quarter, compared to analyst estimates of $7.90 million. On average, equities research analysts forecast that Global Water Resources will post $0.09 EPS for the current year.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Global Water Resources from a “sell” rating to a “hold” rating in a research report on Wednesday. Roth Capital set a $11.00 price objective on shares of Global Water Resources and gave the stock a “buy” rating in a research report on Wednesday, August 9th.
An institutional investor recently raised its position in Global Water Resources stock. State Street Corp lifted its position in shares of Global Water Resources, Inc. (NASDAQ:GWRS) by 15.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 100,674 shares of the utilities provider’s stock after buying an additional 13,733 shares during the quarter. State Street Corp owned about 0.51% of Global Water Resources worth $997,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.04% of the company’s stock.
Global Water Resources Company Profile
Global Water Resources, Inc is a water resource management company. The Company owns, operates and manages water, wastewater and recycled water utilities in strategically located communities, principally in metropolitan Phoenix, Arizona. The Company focuses on the issues of water supply and scarcity, and applies principles of water conservation through water reclamation and reuse.
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