Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02434 per common share, equating to an annualized amount of $0.29208 per share. This dividend will be payable on January 29, 2021 to shareholders of record at the close of business on January 15, 2021. The company operates 16 utilities primarily in the Phoenix metropolitan area and recycles nearly 1 billion gallons of water annually, utilizing a Total Water Management approach to enhance sustainability and water conservation.

Positive

• Declared a monthly cash dividend of $0.02434 per share.
• Annualized dividend amount of $0.29208 per share.
• Operates 16 utilities providing essential services.
• Recycles nearly 1 billion gallons of water annually.

Negative

• None.

PHOENIX, Dec. 30, 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 $0.02434 per common share (an annualized amount of $0.29208 per share), which will be payable on January 29, 2021 to holders of record at the close of business on January 15, 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 (GWRS)?

Global Water Resources has 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 January 29, 2021.

What is the record date for the dividend payment for GWRS?

The record date for the dividend payment is January 15, 2021.

How much water does Global Water Resources recycle annually?

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