Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources has declared a monthly cash dividend of $0.02483 per common share, amounting to an annualized $0.29791 per share. This dividend will be payable on January 31, 2023, to shareholders on record as of January 17, 2023. The company focuses on water resource management, owning and operating 25 systems in the metropolitan Phoenix area, and recycles over 1 billion gallons of water annually. Global Water's Total Water Management approach integrates water cycle management to enhance conservation.

Positive

• Monthly cash dividend of $0.02483 per share, annualized to $0.29791.
• Strong focus on water recycling, over 1 billion gallons annually.

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• None.

PHOENIX, Dec. 29, 2022 (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 January 31, 2023, to holders of record at the close of business on January 17, 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 January 2023?

The dividend amount for Global Water Resources (GWRS) is $0.02483 per share.

When will GWRS pay the declared dividend?

The dividend will be payable on January 31, 2023.

What is the record date for the January 2023 GWRS dividend?

The record date for the dividend is January 17, 2023.

How much water does Global Water Resources recycle annually?

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