Global Water Resources Declares Monthly Dividend
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, amounting to an annualized $0.29496 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, amounting to an annualized $0.29496 per share. This dividend is payable on August 31, 2022, to shareholders recorded as of August 17, 2022. The company operates 25 systems providing essential water services and recycles over 1 billion gallons of water annually. Its Total Water Management program maximizes resource efficiency in water-scarce areas, supporting growth in metropolitan Phoenix.
Positive
- Declared a monthly cash dividend of $0.02458 per share, demonstrating financial stability.
- Annualized dividend amount of $0.29496 indicates commitment to returning value to shareholders.
Negative
- None.
Details
News Market Reaction – GWRS
The recorded move for GWRS in the trading session of this news was -0.23%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHOENIX, July 29, 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
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
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