GWRS stock dividend – Global Water Resources Declares Dividend of $0.0251 Per Share

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Global Water Resources ($NASDAQ:GWRS) is a leading provider of water, wastewater, and recycled water services to residential, commercial, industrial, and public entities in Arizona. By providing innovative solutions for its customers in water services, conservation, and sustainability, Global Water Resources helps to protect and conserve precious water resources. The company is dedicated to creating a more sustainable future for generations to come by investing in its employees, operations, customer experience, and community engagement efforts. Such efforts allow Global Water Resources to deliver reliable and cost-effective water services to its customers.

Dividends – GWRS stock dividend

GLOBAL WATER RESOURCES recently announced a dividend of $0.0251 per share for the 2021 fiscal year. This is the company’s third consecutive year of issuing an annual dividend per share, having issued dividends of $0.3 and $0.29 in the last two years respectively. The dividend yields from 2021 to 2023 are forecasted to be 2.38%, 2.08%, and 1.68%, with an average dividend yield of 2.05%. If you are looking for a reliable stock with a high dividend yield, GLOBAL WATER RESOURCES could be a good option.

The consistent dividend payments over the last few years indicate that the company is committed to providing strong returns to its shareholders. Moreover, the attractive yields over the next three years make it an attractive investment option for those looking to gain exposure to the water resources sector.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for GWRS. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for GWRS. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for GWRS. More…

Key Ratios Snapshot

Some of the financial key ratios for GWRS are shown below. More…

Share Price

This news comes as the company’s stock opened at $13.3 and closed at $13.0, resulting in a 1.7% drop from the previous day’s closing price of $13.2. Live Quote…

Analysis

As GoodWhale, we have conducted an analysis of GLOBAL WATER RESOURCES’ financials. According to our Star Chart classification, GLOBAL WATER RESOURCES is a ‘gorilla’, which means it has achieved stable and high revenue or earning growth due to its strong competitive advantage. Therefore, this company may be of interest to investors looking for a combination of dividend, growth, and profitability. In terms of its financials, GLOBAL WATER RESOURCES is strong in dividend, growth, and profitability but weak in asset. The company’s intermediate health score of 6/10 with regard to its cashflows and debt indicates that it is likely to safely ride out any crisis without risk of bankruptcy. More…

Peers

The company’s competitors include Vidler Water Resources Inc, Premium Water Holdings Inc, Torrington Water Co Inc.

– Vidler Water Resources Inc ($TSE:2588)

Water Holdings Inc is a publicly traded holding company with a focus on the water industry. The company’s subsidiaries include water treatment, desalination, wastewater treatment, and water distribution businesses. The company’s mission is to provide clean, safe, and affordable water to its customers. The company’s products and services are used by municipalities, businesses, and industries around the world. Water Holdings Inc is headquartered in Los Angeles, California.

Summary

Global Water Resources, Inc. has recently announced that it is declaring a quarterly cash dividend of $0.0251 per share. This dividend is an attractive option for investors seeking a reliable source of income with a modest yield. The company’s strong and consistent cash flow has enabled it to steadily increase dividend payouts over time, making it an attractive option for long-term investors. Global Water Resources is committed to rewarding shareholders with a regular dividend that is sustainable and growing over time.