Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02483 per share, amounting to an annualized total of $0.29791. The dividend will be payable on March 31, 2023, to shareholders on record as of March 17, 2023. The company operates 29 systems providing water, wastewater, and recycled water services in metropolitan Phoenix, recycling over 1 billion gallons of water annually. Notably, Global Water is recognized for its Total Water Management approach and has received several awards for its water reuse practices and public asset management strategies.

Positive

• Declared monthly cash dividend of $0.02483 per share.
• Annualized dividend amount is $0.29791 per share.
• Recognized for effective Total Water Management.
• Operates 29 systems in metropolitan Phoenix.
• Recycles over 1 billion gallons of water annually.

Negative

• None.

PHOENIX, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has declared, under its dividend policy, a monthly cash dividend in the amount of $0.02483 per common share (an annualized amount of $0.29791 per share). The dividend will be payable on March 31, 2023, to holders of record at the close of business on March 17, 2023.

About Global Water Resources

Global Water Resources, Inc. is a leading water resource management company that owns and operates 29 systems 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 over 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 that involves owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. It enables 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.

Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ 2022 Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.

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 Grant Stude
CMA
Tel (949) 432-7566
Email contact

Media & ESG Contact:
Tim Randall
CMA
Tel (949) 432-7572
Email Contact

FAQ

What is the dividend amount declared by Global Water Resources (GWRS)?

Global Water Resources declared a monthly cash dividend of $0.02483 per share.

When is the dividend payment date for GWRS?

The dividend will be paid on March 31, 2023.

What is the record date for the GWRS dividend?

The record date for the dividend is March 17, 2023.

How much water does Global Water Resources recycle annually?

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