Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources has declared a monthly cash dividend of $0.0241 per common share, totaling an annualized amount of $0.2892. This dividend will be paid on October 30, 2020 to shareholders on record by the close of business on October 16, 2020. The company operates 12 utilities and recycles nearly 1 billion gallons of water annually, focusing on Total Water Management (TWM) to enhance water conservation and supply protection in growing areas around metropolitan Phoenix.

Positive

• Monthly cash dividend of $0.0241 per share boosts shareholder income.
• Annualized dividend of $0.2892 per share reflects company confidence.
• Strong operations with 12 water utilities enhancing regional water management.

Negative

• None.

PHOENIX, Sept. 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 October 30, 2020, to holders of record at the close of business on October 16, 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 or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact

FAQ

What is the dividend amount declared by GWRS?

Global Water Resources has declared a monthly cash dividend of $0.0241 per common share.

When will the dividend for GWRS be paid?

The dividend will be payable on October 30, 2020.

What is the record date for the GWRS dividend?

The record date for the GWRS dividend is October 16, 2020.

What is the annualized dividend for GWRS?

The annualized dividend for GWRS amounts to $0.2892 per share.