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Global Water Resources, Inc. (GWRS) will increase its monthly dividend by 2.3 percent to $0.0225 per share. At the current stock price of $7.87 the dividend yield is 3.4%.

The monthly cash dividend (that translates into an annualized amount of $0.27 per share) will be payable on December 29, 2016, to holders of record at the close of business on December 15, 2016.

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.