Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, equating to an annualized amount of $0.29496 per share. This dividend will be payable on January 31, 2022, to shareholders on record as of January 18, 2022. The company focuses on water resource management and operates 17 utilities, mainly in growth areas of metropolitan Phoenix, recycling nearly 1 billion gallons of water annually.

Positive

• Declaring a monthly dividend of $0.02458 indicates financial stability.
• Annualized dividend of $0.29496 per share may attract income-focused investors.
• Management of 17 utilities allows for diversified revenue streams.
• Effective implementation of Total Water Management promotes sustainability.

Negative

• None.

PHOENIX, Dec. 30, 2021 (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 January 31, 2022, to holders of record at the close of business on January 18, 2022.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 17 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 Investor Relations
Tel (949) 432-7566
Email contact

FAQ

What is the dividend amount for GWRS shareholders?

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

When will the GWRS dividend be paid?

The dividend will be payable on January 31, 2022.

What is the record date for the GWRS dividend?

The record date for the dividend is January 18, 2022.

How does Global Water Resources manage water resources?

The company utilizes an integrated approach through Total Water Management, focusing on efficiency and sustainability.