Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per share, representing an annualized total of $0.29208. This dividend will be payable on April 30, 2021, to shareholders who are on record by the close of business on April 16, 2021.

The company, specializing in water resource management, operates 16 utilities and recycles nearly 1 billion gallons of water each year, primarily around metropolitan Phoenix.

Positive

• Monthly cash dividend of $0.02434 per share enhances shareholder income.
• Consistent annualized dividend of $0.29208 reflects company stability and confidence.

Negative

• None.

PHOENIX, March 31, 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 April 30, 2021 to holders of record at the close of business on April 16, 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 amount of the GWRS dividend?

Global Water Resources has declared a monthly dividend of $0.02434 per share.

When is the dividend payable for GWRS?

The dividend is payable on April 30, 2021.

What is the record date for the GWRS dividend?

The record date for the dividend is April 16, 2021.

How much water does Global Water Resources recycle?

The company recycles nearly 1 billion gallons of water annually.

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

TWM is an integrated approach to managing the water cycle, maximizing the use of recycled water.