Global Water Resources to Pay Dividend of $0.0253 per Share, Yielding 3.6%

Global Water Resources (NASDAQ:GWRS) is paying a dividend of $0.0253 per share on January 30th, with a dividend yield of 3.6%. However, the payment makes up 178% of earnings and the company generates negative free cash flows, which is a major warning sign for the sustainability of the dividend. The dividend has been stable for ten years, but may be unsustainable due to slow growth and high payout ratio. The company has issued stock equal to 19% of shares outstanding, which could also impact the dividend.