Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02483 per common share, totaling an annualized amount of $0.29791 per share. This dividend is payable on April 28, 2023, to shareholders on record as of April 14, 2023. The company operates 29 water, wastewater, and recycled water systems primarily in metropolitan Phoenix, recycling over 1 billion gallons of water annually. It has received accolades for its Total Water Management approach, which integrates various utilities to enhance water conservation, particularly in growing, water-scarce areas.

Positive

• Monthly cash dividend of $0.02483 per share enhances shareholder income.
• Recognition as a leader in water resource management supports company credibility.
• Recycling over 1 billion gallons of water annually demonstrates commitment to sustainability.

Negative

• None.

PHOENIX, March 31, 2023 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has declared, under its dividend policy, a monthly cash dividend in the amount of $0.02483 per common share (an annualized amount of $0.29791 per share). The dividend will be payable on April 28, 2023, to holders of record at the close of business on April 14, 2023.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 29 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.

Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ 2022 Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.

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
Tel (949) 432-7566
Email contact

Media & ESG Contact:
Tim Randall
CMA
Tel (949) 432-7572
Email Contact

FAQ

What is the dividend amount for GWRS?

Global Water Resources has declared a monthly cash dividend of $0.02483 per common share.

When is the GWRS dividend payable?

The dividend is payable on April 28, 2023.

What is the record date for GWRS's dividend?

The record date for the dividend is April 14, 2023.

How does GWRS manage water resources?

Global Water Resources utilizes an integrated Total Water Management approach for efficient water conservation.

What awards has GWRS received?

GWRS has been recognized as a 'Utility of the Future Today' for its superior water reuse practices.