Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per common share, totaling an annualized $0.29208 per share. The dividend will be payable on November 30, 2021, to shareholders recorded by the close of business on November 16, 2021. The company is noted for its efficient Total Water Management approach and operates 16 utilities in water-scarce areas around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually.

Positive

• Monthly cash dividend of $0.02434 per share, demonstrating financial stability.
• Annualized dividend of $0.29208 reflects company confidence in cash flow.
• Effective implementation of Total Water Management enhances sustainability.

Negative

• None.

PHOENIX, Oct. 29, 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 November 30, 2021, to holders of record at the close of business on November 16, 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 for Global Water Resources (GWRS)?

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

When will the dividend be paid to shareholders of GWRS?

The dividend will be payable on November 30, 2021, to shareholders recorded by November 16, 2021.

What is the annualized dividend for GWRS?

The annualized dividend for Global Water Resources is $0.29208 per share.

How does Total Water Management benefit Global Water Resources?

Total Water Management maximizes the beneficial use of recycled water and enhances sustainability in water-scarce areas.