Global Water Resources's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Global Water Resources (NASDAQ:GWRS) announced it will pay a monthly dividend of 2.48 cents per share. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning GWRS as of the end of Friday's session are eligible to receive the dividend, which will be paid out on October 31, 2023.
October 11, 2023 | 2:45 pm
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Global Water Resources will pay a monthly dividend of 2.48 cents per share. The stock will go ex-dividend on Monday, potentially leading to a short-term decrease in the stock price.
The company's announcement of a dividend payout typically leads to a short-term decrease in the stock price as it goes ex-dividend. This is because the stock price is adjusted to reflect the payout. Therefore, the stock price of GWRS is likely to decrease in the short term.
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