Global Water Resources hikes dividend by 0.8%

Global Water Resources (GWRS) will raise its monthly dividend by 0.8 percent to 2.43 cents per share. Last year the utility hiked its montyly dividend by 1.0 percent to $0.0241 per share. 

GWRS will pay the next monthly cash dividends of $0.0243 per common share on December 30, 2020 to holders of record on December 16, 2020. A new annual rate of approximately 29 cents yields 2.3% at a stock price of $13.14.

Global Water Resources is a comprehensive water resource management company based in Phoenix, Arizona. It manages the entire water cycle by owning and operating water, wastewater and recycled water utilities.

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