Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, totaling an annualized amount of $0.29496. This dividend will be payable on October 31, 2022, to shareholders recorded by the close of business on October 17, 2022. The company operates 25 systems providing essential water services in the Phoenix area and is recognized for its effective Total Water Management approach, which integrates water, wastewater, and recycled water services, promoting conservation in a growing metropolitan region.

Positive

• Declared monthly cash dividend of $0.02458 per share.
• Annualized dividend amount of $0.29496 indicates commitment to shareholder returns.
• Strong operational framework with 25 systems in the metropolitan Phoenix area.
• Recognized for innovative Total Water Management practices.

Negative

• None.

PHOENIX, Sept. 30, 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 October 31, 2022, to holders of record at the close of business on October 17, 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 amount of the monthly dividend declared by Global Water Resources (GWRS)?

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

When will the dividend be paid to shareholders of GWRS?

The dividend will be payable on October 31, 2022.

What is the record date for the dividend payment for GWRS?

The record date for the dividend payment is October 17, 2022.

What is the annualized dividend amount for Global Water Resources (GWRS)?

The annualized dividend amount is $0.29496 per share.

How does the Total Water Management approach benefit Global Water Resources (GWRS)?

Total Water Management maximizes the use of recycled water and promotes conservation, enhancing operational efficiency.