Global Water Resources, Inc. (TSE:GWR) to Issue Dividend Increase – $0.03 Per Share

Global Water Resources, Inc. (TSE:GWRGet Rating) declared a monthly dividend on Tuesday, May 31st, Zacks reports. Investors of record on Thursday, June 16th will be paid a dividend of 0.032 per share on Thursday, June 30th. This represents a $0.38 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Wednesday, June 15th. This is a boost from Global Water Resources’s previous monthly dividend of $0.03.

Shares of TSE GWR opened at C$18.00 on Wednesday. The company has a 50 day simple moving average of C$19.14 and a 200 day simple moving average of C$20.19. The firm has a market cap of C$407.68 million and a PE ratio of 67.92. Global Water Resources has a 1 year low of C$16.99 and a 1 year high of C$25.75. The company has a debt-to-equity ratio of 381.22, a current ratio of 1.04 and a quick ratio of 0.93.

Global Water Resources (TSE:GWRGet Rating) last issued its quarterly earnings data on Thursday, March 10th. The company reported C$0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.01 by C$0.01. The business had revenue of C$13.00 million during the quarter, compared to the consensus estimate of C$12.57 million. As a group, research analysts anticipate that Global Water Resources will post 0.07 earnings per share for the current fiscal year.

About Global Water Resources (Get Rating)

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, 2020, it served approximately 74,048 people in approximately 27,630 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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