Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) announced a monthly cash dividend of $0.0241 per common share, equating to an annualized total of $0.2892 per share. This dividend will be paid on November 30, 2020 to shareholders of record as of November 16, 2020. The company focuses on water resource management, operating 12 utilities primarily in the growth corridors around metropolitan Phoenix and recycling nearly 1 billion gallons of water annually.

Positive

• Monthly cash dividend of $0.0241 per share benefits shareholders.
• Annualized dividend amount of $0.2892 reflects company confidence.

Negative

• None.

PHOENIX, Oct. 29, 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 November 30, 2020, to holders of record at the close of business on November 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 declared a monthly cash dividend of $0.0241 per common share.

When will the GWRS dividend be paid?

The dividend will be payable on November 30, 2020.

What is the record date for the GWRS dividend?

The record date for the dividend is November 16, 2020.

What is the annualized dividend amount for GWRS?

The annualized dividend amount is $0.2892 per share.