Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02434 per common share, totaling $0.29208 annually. The dividend will be payable on May 28, 2021 to shareholders of record on May 14, 2021. The company operates 16 utilities in the Phoenix area, focusing on water resource management, including recycling nearly 1 billion gallons of water annually. Recognized for its Total Water Management approach, Global Water aims to maximize recycled water use while supporting conservation efforts.

Positive

• Monthly cash dividend of $0.02434 per share enhances shareholder income.
• Annualized dividend amount of $0.29208 reflects company confidence in cash flow.
• Strategic operation of 16 utilities supports growth in Phoenix, a key region.

Negative

• None.

PHOENIX, April 30, 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 May 28, 2021 to holders of record at the close of business on May 14, 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). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional 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 Investor Relations
Tel (949) 432-7566
Email contact

FAQ

What is the dividend amount declared by Global Water Resources?

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

When will the dividend be paid to shareholders of GWRS?

The dividend will be payable on May 28, 2021, to holders of record by May 14, 2021.

What is the annualized dividend amount for GWRS?

The annualized dividend amount for Global Water Resources is $0.29208 per share.

How much water does Global Water Resources recycle annually?

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