Global Water Resources Declares Monthly Dividend
Rhea-AI Summary
Global Water Resources (NASDAQ: GWRS), a pure-play water resource management company, has declared a monthly cash dividend of $0.02508 per common share. This equates to an annualized dividend rate of $0.30096 per share. The dividend is scheduled to be paid on October 31, 2024, to shareholders of record as of the close of business on October 17, 2024. This declaration is in line with the company's established dividend policy, demonstrating its commitment to providing regular returns to its shareholders.
Positive
- Consistent dividend payment indicates financial stability
- Monthly dividend structure provides regular income for shareholders
- Annualized dividend rate of $0.30096 per share offers steady returns
Negative
- None.
News Market Reaction
On the day this news was published, GWRS declined 0.08%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PHOENIX, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has declared, under its dividend policy a monthly cash dividend in the amount of
The dividend will be payable on October 31, 2024, to holders of record at the close of business on October 17, 2024.
About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 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 with a total of 17.0 billion gallons recycled since 2004.
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.
Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.
To learn more, visit www.gwresources.com.
Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
Email Contact
Investor Relations Contact:
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact
FAQ
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