Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has declared a monthly cash dividend of $0.0241 per common share, amounting to an annualized $0.2892 per share. This dividend will be payable on August 31, 2020, to shareholders of record as of August 17, 2020. The company, focused on water resource management, operates 12 utilities primarily around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually. Global Water is recognized for its Total Water Management approach, maximizing recycled water use and conserving resources in water-scarce regions.

Positive

• Monthly cash dividend of $0.0241 per share, demonstrating company confidence.
• Annualized dividend yield calculated at approximately 2.89%, providing income for shareholders.
• Strong commitment to sustainable water management with nearly 1 billion gallons recycled annually.

Negative

• None.

PHOENIX, July 31, 2020 (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 $0.0241 per common share (an annualized amount of $0.2892 per share), which will be payable on August 31, 2020, to holders of record at the close of business on August 17, 2020.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 12 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), an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area to maximize the beneficial use of recycled water. TWM conserves water by using the right water for the right use and 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 Global Water Resources?

The declared dividend amount is $0.0241 per common share.

When will the dividend be paid by Global Water Resources?

The dividend will be payable on August 31, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is August 17, 2020.

What is the annualized dividend amount for Global Water Resources?

The annualized dividend amount is $0.2892 per share.

How much water does Global Water Resources recycle annually?

Global Water Resources recycles nearly 1 billion gallons of water annually.