Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02458 per common share, amounting to an annualized total of $0.29496 per share. This dividend is payable on July 29, 2022, to shareholders of record by the close of business on July 15, 2022.

The company operates 25 systems providing water, wastewater, and recycled water services, primarily in Phoenix's growth corridors. It effectively implements Total Water Management, recycling over 1 billion gallons of water annually, highlighting its commitment to sustainable practices.

Positive

• Dividend of $0.02458 per share, indicating reliable income for shareholders.
• Annualized dividend yield of approximately 2.94%, showing good returns.
• Operational efficiency with over 1 billion gallons of water recycled annually.

Negative

• None.

PHOENIX, June 30, 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). The dividend will be payable on July 29, 2022, to holders of record at the close of business on July 15, 2022.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 25 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. 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 & ESG Contact:
Tim Randall
CMA
Tel (949) 432-7572
Email Contact

FAQ

What is the dividend amount declared by GWRS?

Global Water Resources declared a monthly cash dividend of $0.02458 per common share.

When will the GWRS dividend be paid?

The dividend will be payable on July 29, 2022.

What is the record date for the GWRS dividend?

The record date for the dividend is July 15, 2022.

How much water does GWRS recycle annually?

Global Water Resources recycles over 1 billion gallons of water each year.

What does Total Water Management mean for GWRS?

Total Water Management is an integrated approach to managing the entire water cycle, enhancing efficiency and conservation.