Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (GWRS) has announced a monthly cash dividend of $0.02434 per common share, equating to an annualized amount of $0.29208. This dividend will be payable on February 26, 2021 to shareholders on record as of February 12, 2021. The company operates 16 utilities primarily in the Phoenix area, recycling nearly 1 billion gallons of water annually. Their Total Water Management approach aims to optimize water usage and conserve resources, particularly in water-scarce regions.

Positive

• Monthly cash dividend of $0.02434 per share reflects ongoing shareholder returns.
• Annualized dividend of $0.29208 indicates stable income for investors.
• Significant water recycling operations support sustainability efforts.

Negative

• None.

PHOENIX, Jan. 29, 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 February 26, 2021 to holders of record at the close of business on February 12, 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), 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 for GWRS for February 2021?

Global Water Resources has declared a dividend of $0.02434 per share for February 2021.

When will the GWRS dividend be paid?

The dividend will be payable on February 26, 2021.

What is the record date for the GWRS dividend?

The record date for the dividend is February 12, 2021.

How much water does Global Water Resources recycle annually?

Global Water Resources recycles nearly 1 billion gallons of water each year.

What is Total Water Management in relation to GWRS?

Total Water Management (TWM) is GWRS's approach to managing the entire water cycle efficiently.