Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (GWRS) announced a monthly cash dividend of $0.02458 per common share, totaling $0.29496 annually. This dividend is set to be payable on April 29, 2022, to shareholders on record by April 14, 2022. The company operates 25 water systems primarily around metropolitan Phoenix, recycling over 1 billion gallons of water annually. Its Total Water Management approach maximizes recycled water use and fosters conservation in water-scarce areas.

Positive

• Monthly cash dividend of $0.02458 per share, a total of $0.29496 annually, enhancing shareholder income.
• Sustainable business model with the recycling of over 1 billion gallons of water per year.
• Recognition for effective Total Water Management, suggesting confidence in operational efficiency.

Negative

• None.

PHOENIX, March 31, 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 April 29, 2022, to holders of record at the close of business on April 14, 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?

GWRS declared a monthly cash dividend of $0.02458 per common share.

When will the GWRS dividend be payable?

The dividend will be payable on April 29, 2022.

What are the record dates for the GWRS dividend?

The record date for the dividend is April 14, 2022.

How much water does Global Water Resources recycle annually?

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

What is Total Water Management in relation to GWRS?

Total Water Management is an approach that maximizes the beneficial use of recycled water and promotes conservation.