Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, amounting to an annualized $0.29496 per share. This dividend is payable on August 31, 2022, to shareholders recorded as of August 17, 2022. The company operates 25 systems providing essential water services and recycles over 1 billion gallons of water annually. Its Total Water Management program maximizes resource efficiency in water-scarce areas, supporting growth in metropolitan Phoenix.

Positive

• Declared a monthly cash dividend of $0.02458 per share, demonstrating financial stability.
• Annualized dividend amount of $0.29496 indicates commitment to returning value to shareholders.

Negative

• None.

PHOENIX, July 29, 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 August 31, 2022, to holders of record at the close of business on August 17, 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 has declared a monthly cash dividend of $0.02458 per share.

When is the dividend payment date for GWRS?

The dividend will be payable on August 31, 2022.

What is the record date for the GWRS dividend?

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

How often does GWRS pay dividends?

Global Water Resources pays dividends on a monthly basis.

What is the annualized dividend for GWRS?

The annualized dividend for Global Water Resources is $0.29496 per share.