Global Water Resources Declares and Increases Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a 1% increase in its monthly cash dividend, raising it to $0.02458, which amounts to $0.29496 annually. This change will take effect with the dividend payment on December 30, 2021, to shareholders on record by December 16, 2021.

The company operates 17 utilities primarily in metropolitan Phoenix, managing water, wastewater, and recycled water services, and annually recycles nearly 1 billion gallons of water.

Positive

• Monthly dividend increased by 1% to $0.02458, equating to $0.29496 annually.
• Demonstrates the company's confidence in future cash flows and profitability.

Negative

• None.

PHOENIX, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend increase of 1% to $0.29496 on an annualized basis. This equates to a monthly dividend of $0.02458.

The first dividend at the new monthly rate will be paid on December 30, 2021, to holders of record at the close of business on December 16, 2021.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 17 utilities which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles nearly 1 billion gallons of water annually.

The company has been recognized for its highly effective implementation of Total Water Management (TWM). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth. To learn more, visit www.gwresources.com.

Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
mike.liebman@gwresources.com

Investor Relations Contact:
Ron Both or Justin Lumley
CMA Investor Relations
Tel (949) 432-7566
Email contact

FAQ

What is the new monthly dividend amount for GWRS?

The new monthly dividend amount for Global Water Resources, Inc. is $0.02458.

When will the new dividend be paid?

The new dividend will be paid on December 30, 2021.

Who is eligible for the dividend payment from GWRS?

Holders of record at the close of business on December 16, 2021, will be eligible for the dividend payment.

How much water does Global Water Resources recycle annually?

Global Water Resources recycles nearly 1 billion gallons of water annually.

What does Total Water Management (TWM) entail?

Total Water Management is an integrated approach to managing the water cycle by owning and operating all related utilities in the same area.