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, totaling $0.29208 annually. This dividend is payable on June 30, 2021 to shareholders recorded by June 16, 2021. The company operates 16 utilities in metropolitan Phoenix, providing water, wastewater, and recycled water services, recycling nearly 1 billion gallons of water annually. Global Water is recognized for its Total Water Management (TWM) approach, promoting smart water management and conservation in water-scarce areas.

Positive

• Monthly cash dividend of $0.02434 per share contributes to shareholder income.
• Company recognized for effective Total Water Management strategy enhancing conservation.

Negative

• None.

PHOENIX, May 28, 2021 (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 June 30, 2021 to holders of record at the close of business on June 16, 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). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional 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 Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact

FAQ

What is the dividend amount declared by Global Water Resources?

Global Water Resources has declared a monthly cash dividend of $0.02434 per common share.

When will the dividend be paid to shareholders?

The dividend will be payable on June 30, 2021.

What is the record date for the dividend?

Holders of record for the dividend will be determined by June 16, 2021.

How does Global Water Resources support water conservation?

The company promotes conservation through its Total Water Management approach, recycling nearly 1 billion gallons of water annually.