Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources has announced a monthly cash dividend of $0.02458 per share, totaling $0.29496 annually. The dividend is payable on November 30, 2022, to shareholders on record by November 16, 2022. As a leader in water resource management, the company operates 25 systems mainly around metropolitan Phoenix, recycling over 1 billion gallons of water annually. Their Total Water Management approach enhances conservation and optimizes resource use in water-scarce regions.

Positive

• Declared monthly cash dividend of $0.02458 per share, indicative of financial health.
• Annualized dividend amount of $0.29496 demonstrates a commitment to returning value to shareholders.
• Company's operations include recycling over 1 billion gallons of water annually, highlighting its sustainability focus.

Negative

• None.

PHOENIX, Oct. 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). The dividend will be payable on November 30, 2022, to holders of record at the close of business on November 16, 2022.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 25 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. 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 and payment date for GWRS?

Global Water Resources has declared a dividend of $0.02458 per share, payable on November 30, 2022.

When is the record date for the GWRS dividend?

The record date for the dividend is November 16, 2022.

How much does Global Water Resources recycle annually?

Global Water Resources recycles over 1 billion gallons of water each year.

What is Total Water Management (TWM) in relation to GWRS?

Total Water Management is an integrated approach by GWRS to manage the entire water cycle, maximizing the use of recycled water.