Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02483 per common share, amounting to an annualized total of $0.29791 per share. The dividend is set to be paid on February 28, 2023, to shareholders on record as of February 14, 2023. As a key player in water resource management, Global Water operates 25 systems primarily in the Phoenix area, recycling over 1 billion gallons of water annually. The company implements an integrated approach known as Total Water Management (TWM), enhancing conservation efforts in water-scarce regions experiencing growth.

Positive

• Monthly cash dividend of $0.02483 per common share enhances income for shareholders.
• Annualized dividend total reflects company confidence with $0.29791 per share.
• Effective water resource management contributes to sustainability efforts.

Negative

• None.

PHOENIX, Jan. 31, 2023 (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 $0.02483 per common share (an annualized amount of $0.29791 per share). The dividend will be payable on February 28, 2023, to holders of record at the close of business on February 14, 2023.

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 dividend amount for GWRS in February 2023?

Global Water Resources, Inc. declared a monthly cash dividend of $0.02483 per common share for February 2023.

When will the dividend for GWRS be paid?

The dividend will be payable on February 28, 2023.

What is the record date for GWRS's February 2023 dividend?

The record date for the dividend is February 14, 2023.

What does Total Water Management (TWM) mean for GWRS?

Total Water Management is an integrated approach by GWRS to manage the entire water cycle, maximizing the use of recycled water.