Global Water Resources Declares Monthly Dividend
Global Water Resources, Inc. (NASDAQ: GWRS) announced a monthly cash dividend of $0.0241 per common share, equating to an annualized amount of $0.2892 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) announced a monthly cash dividend of $0.0241 per common share, equating to an annualized amount of $0.2892 per share. This dividend will be payable on June 30, 2020, to shareholders of record by the close of business on June 16, 2020. The company is recognized for its innovative approach to Total Water Management, effectively managing the water cycle and promoting sustainability in water-scarce areas. Global Water operates 12 utilities in the growing metropolitan Phoenix region and recycles nearly 1 billion gallons of water annually.
Positive
- Monthly cash dividend of $0.0241 per share boosts investor income.
- Recognition for effective Total Water Management promotes company credibility.
- Sustainable practices and water recycling efforts enhance long-term viability.
Negative
- None.
Details
News Market Reaction – GWRS
The recorded move for GWRS in the trading session of this news was -0.83%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PHOENIX, May 29, 2020 (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 12 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, CMA
Tel (949) 432-7566
GWRS@cma.team
FAQ
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