Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources has declared a monthly cash dividend of $0.02434 per common share, amounting to an annualized total of $0.29208 per share. This dividend will be payable on October 29, 2021, to shareholders of record as of October 15, 2021. The company, which manages 16 utilities primarily in metropolitan Phoenix, recycles nearly 1 billion gallons of water annually and emphasizes its Total Water Management approach to enhance resource conservation.

Positive

• Monthly cash dividend of $0.02434 enhances income for shareholders.
• Annualized dividend provides a yield of approximately 2.92%, indicating company confidence.

Negative

• None.

PHOENIX, Sept. 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 $0.02434 per common share (an annualized amount of $0.29208 per share), which will be payable on October 29, 2021, to holders of record at the close of business on October 15, 2021.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 16 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 declared by Global Water Resources for October 2021?

Global Water Resources declared a monthly cash dividend of $0.02434 per common share.

When will the dividend be paid to shareholders?

The dividend will be payable on October 29, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is October 15, 2021.

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?

Total Water Management is an integrated approach that maximizes the beneficial use of recycled water.