Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, totaling $0.29496 annually. This dividend will be paid on March 31, 2022, to shareholders on record as of March 17, 2022. Global Water Resources specializes in water resource management, operating 18 utilities primarily in metropolitan Phoenix. The company emphasizes Total Water Management, which aims to optimize water recycling and conservation in growth areas.

Positive

• Monthly cash dividend of $0.02458 per share enhances income for shareholders.
• Strong focus on recycling nearly 1 billion gallons of water annually supports sustainability.

Negative

• None.

PHOENIX, Feb. 28, 2022 (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 $0.02458 per common share (an annualized amount of $0.29496 per share), which will be payable on March 31, 2022, to holders of record at the close of business on March 17, 2022.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 18 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
Tel (949) 432-7566
Email contact

Media 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 has declared a monthly cash dividend of $0.02458 per share.

When will the dividend be paid for Global Water Resources (GWRS)?

The dividend will be payable on March 31, 2022.

What is the record date for the dividend of Global Water Resources (GWRS)?

The record date for the dividend is March 17, 2022.

How does Global Water Resources manage water resources?

Global Water Resources uses Total Water Management to optimize water recycling and conservation.

How many utilities does Global Water Resources operate?

Global Water Resources operates 18 utilities.