Global Water Resources Increases Dividend and Declares Monthly Dividend
Global Water Resources (NASDAQ: GWRS) has announced a 1% dividend increase, setting a new monthly cash dividend of $0.02533 per common share. This adjustment establishes a new annualized dividend rate of $0.30396 per share, up $0.003 from the previous rate of $0.30096. The dividend will be paid on December 30, 2024, to shareholders of record as of December 16, 2024. The company attributes this increase to growth in regulated revenue and net income, driven by increases in active connections and regulated rates.
Global Water Resources (NASDAQ: GWRS) ha annunciato un aumento del dividendo del 1%, stabilendo un nuovo dividendo mensile in contante di $0.02533 per azione ordinaria. Questa modifica fissa un nuovo tasso di dividendo annualizzato di $0.30396 per azione, in aumento di $0.003 rispetto al tasso precedente di $0.30096. Il dividendo sarà pagato il 30 dicembre 2024, agli azionisti registrati al 16 dicembre 2024. La società attribuisce questo incremento alla crescita dei ricavi regolamentati e dell'utile netto, sostenuta dall'aumento delle connessioni attive e delle tariffe regolamentate.
Global Water Resources (NASDAQ: GWRS) ha anunciado un incremento del dividendo del 1%, estableciendo un nuevo dividendo en efectivo mensual de $0.02533 por acción ordinaria. Esta ajuste establece una nueva tasa de dividendo anualizada de $0.30396 por acción, un aumento de $0.003 respecto a la tasa anterior de $0.30096. El dividendo se pagará el 30 de diciembre de 2024, a los accionistas registrados hasta el 16 de diciembre de 2024. La compañía atribuye este aumento al crecimiento de los ingresos regulados y del ingreso neto, impulsado por el aumento de conexiones activas y tarifas reguladas.
글로벌 워터 리소스 (NASDAQ: GWRS)는 1% 배당금 인상을 발표하며, 일반 주식당 새로운 월 배당금 $0.02533를 설정했습니다. 이 조정은 주당 연간 배당금율을 $0.30396로 설정하며, 이전 $0.30096에서 $0.003 증가했습니다. 배당금은 2024년 12월 30일에 2024년 12월 16일 기준 주주들에게 지급될 예정입니다. 회사는 이번 인상을 규제된 수익과 순이익의 성장, 활성 연결 및 규제된 요금의 증가에 의해 추진되었다고 설명하고 있습니다.
Global Water Resources (NASDAQ: GWRS) a annoncé une augmentation de 1% de son dividende, établissant un nouveau dividende mensuel en espèces de $0.02533 par action ordinaire. Cet ajustement fixe un nouveau taux de dividende annualisé de $0.30396 par action, soit une augmentation de $0.003 par rapport au taux précédent de $0.30096. Le dividende sera versé le 30 décembre 2024 aux actionnaires inscrits au 16 décembre 2024. La société attribue cette augmentation à la croissance des revenus régulés et du revenu net, soutenue par l'augmentation des connexions actives et des tarifs régulés.
Global Water Resources (NASDAQ: GWRS) hat eine Dividendensteigerung von 1% bekannt gegeben und einen neuen monatlichen Barausschüttungsbetrag von $0.02533 pro Stammaktie festgelegt. Diese Anpassung etabliert einen neuen annualisierten Dividendenzinssatz von $0.30396 pro Aktie, was einem Anstieg von $0.003 im Vergleich zum vorherigen Satz von $0.30096 entspricht. Die Dividende wird am 30. Dezember 2024 an die Aktionäre, die am 16. Dezember 2024 im Register stehen, ausgezahlt. Das Unternehmen führt diese Erhöhung auf das Wachstum der regulierten Einnahmen und des Nettogewinns zurück, das durch einen Anstieg der aktiven Verbindungen und der regulierten Tarife verursacht wurde.
- Dividend increase of 1% demonstrating company growth
- Growth in regulated revenue and net income
- Increase in active connections
- Positive rate adjustments in regulated markets
- Modest dividend increase of only 1% may not keep pace with inflation
PHOENIX, Nov. 27, 2024 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has increased its dividend by
The increased monthly distribution represents a new annualized dividend rate of
The dividend will be payable on December 30, 2024, to holders of record at the close of business on December 16, 2024.
“Our regulated revenue and net income growth has been driven by increases in active connections and regulated rates,” stated Global Water Resources CFO Mike Liebman. “This performance, combined with our continued optimistic outlook, guided our board of directors in their decision to increase the monthly dividend for our stockholders.”
About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 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 with 17.4 billion gallons recycled since 2004.
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.
Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.
To learn more, visit www.gwresources.com.
Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
Email Contact
Investor Relations Contact:
Ron Both or Grant Stude
CMA
Tel (949) 432-7566
Email contact
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