Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources has declared a monthly cash dividend of $0.0241 per common share, annualizing to $0.2892 per share. The dividend is payable on July 31, 2020, to shareholders on record by July 17, 2020. The company operates 12 utilities providing water and wastewater services, primarily around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually. Global Water is recognized for its effective Total Water Management approach, which maximizes recycled water use and conserves water in growth-prone areas.

Positive

• Monthly cash dividend of $0.0241 per share supports shareholder income.
• Annualized dividend of $0.2892 indicates company confidence in sustainability.
• Recycling nearly 1 billion gallons of water aligns with sustainability goals.

Negative

• None.

PHOENIX, June 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 $0.0241 per common share (an annualized amount of $0.2892 per share), which will be payable on July 31, 2020, to holders of record at the close of business on July 17, 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, CMA
Tel (949) 432-7566
GWRS@cma.team

FAQ

What is the dividend amount declared by Global Water Resources?

The declared monthly cash dividend is $0.0241 per common share.

When will the dividend be paid to shareholders of GWRS?

The dividend will be paid on July 31, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is July 17, 2020.

How often does Global Water Resources pay dividends?

Global Water Resources pays dividends monthly.

How sustainable is Global Water Resources' water recycling initiative?

Global Water recycles nearly 1 billion gallons of water annually, supporting sustainability.