Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per share, totaling an annualized amount of $0.29208. This dividend will be payable on March 31, 2021 to stockholders on record as of March 17, 2021. The company, focused on water resource management, operates 16 utilities mainly in metropolitan Phoenix and recycles nearly 1 billion gallons of water annually. Global Water employs Total Water Management, optimizing the entire water cycle, which supports sustainability in growing regions.

Positive

• Declaration of monthly cash dividend of $0.02434, enhancing shareholder income.
• Annualized dividend amount of $0.29208 reflects company confidence in financial stability.

Negative

• None.

PHOENIX, Feb. 26, 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 in the amount of $0.02434 per common share (an annualized amount of $0.29208 per share), which will be payable on March 31, 2021 to holders of record at the close of business on March 17, 2021.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 16 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), an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area to maximize the beneficial use of recycled water. TWM conserves water by using the right water for the right use and 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 Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact

FAQ

What is the dividend amount declared by Global Water Resources?

Global Water Resources declared a monthly cash dividend of $0.02434 per common share.

When will the dividend be paid to shareholders of GWRS?

The dividend will be payable on March 31, 2021.

What date is the record for the GWRS dividend?

The record date for the dividend is March 17, 2021.

How does Global Water Resources support sustainability?

Global Water implements Total Water Management, which optimizes water recycling and conservation.

What areas does Global Water Resources serve?

Global Water Resources primarily serves growth corridors around metropolitan Phoenix.