Global Water Resources Declares Monthly Dividend

Rhea-AI Summary

Global Water Resources, Inc. (NASDAQ: GWRS) announced a monthly cash dividend of $0.02458 per common share, totaling $0.29496 annually. This dividend, payable on September 30, 2022, is for shareholders recorded by September 16, 2022.

The company is a leader in water resource management, operating 25 systems primarily around metropolitan Phoenix and recycling over 1 billion gallons of water annually through its Total Water Management approach.

Positive

• Monthly cash dividend of $0.02458 per share supports shareholder income.
• Strong commitment to sustainability through recycling over 1 billion gallons of water annually.

Negative

• None.

PHOENIX, Aug. 31, 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 $0.02458 per common share (an annualized amount of $0.29496 per share). The dividend will be payable on September 30, 2022, to holders of record at the close of business on September 16, 2022.

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 Justin Lumley
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 announced by Global Water Resources (GWRS)?

Global Water Resources has announced a monthly cash dividend of $0.02458 per common share.

When will the dividend for GWRS be paid?

The dividend will be payable on September 30, 2022.

What is the record date for the GWRS dividend?

The record date for the dividend is September 16, 2022.

How often does Global Water Resources pay dividends?

Global Water Resources pays dividends monthly.

What is the annualized dividend for GWRS shareholders?

The annualized dividend amounts to $0.29496 per share.