Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has declared a monthly cash dividend of $0.0241 per common share, totaling an annualized $0.2892 per share. This dividend is set to be paid on September 30, 2020, to stockholders of record by September 16, 2020. The company operates 12 utilities providing water, wastewater, and recycled water services, primarily around metropolitan Phoenix. Global Water is recognized for its Total Water Management approach, effectively managing the water cycle and recycling nearly 1 billion gallons of water annually.

Positive

• Monthly cash dividend of $0.0241 per share supports shareholder income.
• Annualized dividend amount of $0.2892 per share demonstrates company confidence.

Negative

• None.

PHOENIX, Aug. 31, 2020 (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 $0.0241 per common share (an annualized amount of $0.2892 per share), which will be payable on September 30, 2020, to holders of record at the close of business on September 16, 2020.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 12 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 for September 2020?

Global Water Resources has declared a dividend of $0.0241 per common share for September 2020.

When will the dividend be paid to shareholders of Global Water Resources?

The dividend will be paid on September 30, 2020.

What is the record date for the dividend declared by GWRS?

The record date for the dividend is September 16, 2020.

How much water does Global Water Resources recycle annually?

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