Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per common share, totaling $0.29208 annually. This dividend will be payable on July 30, 2021, to shareholders of record by the close of business on July 16, 2021. The company, operating 16 utilities predominantly in the Phoenix area, emphasizes Total Water Management to enhance water conservation and utilization, recycling nearly 1 billion gallons of water annually.

Positive

• Declaration of a monthly cash dividend of $0.02434 per share enhances shareholder income.
• Recognized for effective Total Water Management approach, promoting sustainability.

Negative

• None.

PHOENIX, June 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 July 30, 2021, to holders of record at the close of business on July 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 Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact

FAQ

What is the dividend amount declared by GWRS?

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

When will the dividend be payable for GWRS?

The dividend will be payable on July 30, 2021.

What is the record date for GWRS dividend?

The record date for the dividend is July 16, 2021.

How much is the annualized dividend for GWRS?

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

What is Total Water Management by GWRS?

Total Water Management is an integrated approach to managing the entire water cycle for conservation and efficiency.