Global Water Resources hikes monthly dividend by 0.8% in 2024
Global Water Resources (GWRS) will hike the monthly dividend by 0.8% to $0.0253 per share. This marks the 8th consecutive year of increases.
The increased monthly distribution represents a new annualized dividend rate of $0.30396 per share, an increase of $0.003 per share from the previous annual rate of $0.30096 per share.
The dividend will be payable on December 30, 2024, to holders of record at the close of business on December 16, 2024. A new annual rate of 30.4 cents yields 2.3% at a stock price of $13.42.
“Our regulated revenue and net income growth has been driven by increases in active connections and regulated rates,” stated Global Water Resources CFO Mike Liebman. “This performance, combined with our continued optimistic outlook, guided our board of directors in their decision to increase the monthly dividend for our stockholders.”
Other monthly dividend payers include Realty Income and EPR Properties. Check this article with 5 stocks paying a monthly dividend.
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.
