Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) announced a cash dividend of $0.02458 per common share, totaling an annualized $0.29496 per share. This dividend will be paid on February 28, 2022, to shareholders on record as of February 14, 2022. The company, which operates 18 utilities in metropolitan Phoenix, emphasizes an integrated approach to water management through its Total Water Management (TWM) initiative, which promotes water recycling and conservation.

Positive

• Monthly cash dividend of $0.02458 per share enhances income for shareholders.
• Strong focus on water recycling, nearly 1 billion gallons annually, showcases sustainability efforts.
• TWM initiative positions the company favorably in water-scarce regions.

Negative

• None.

PHOENIX, Jan. 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), which will be payable on February 28, 2022, to holders of record at the close of business on February 14, 2022.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 18 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 Justin Lumley
CMA
Tel (949) 432-7566
Email contact

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

FAQ

What is the dividend amount declared by Global Water Resources on January 31, 2022?

Global Water Resources declared a dividend of $0.02458 per common share.

When will the dividend be paid to shareholders of GWRS?

The dividend will be payable on February 28, 2022.

What is the record date for receiving the dividend from GWRS?

The record date for shareholders to receive the dividend is February 14, 2022.

How much water does Global Water Resources recycle annually?

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

What is Total Water Management (TWM) in Global Water Resources?

TWM is an integrated approach for managing the water cycle, combining water, wastewater, and recycled water utilities.