Global Water Resources Declares Monthly Dividend

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.

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 $0.0241 per common share (an annualized amount of $0.2892 per share), which will be payable on June 30, 2020, to holders of record at the close of business on June 16, 2020.

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

What is the dividend amount declared by Global Water Resources (GWRS)?

Global Water Resources declared a monthly cash dividend of $0.0241 per common share.

When will the dividend be paid to GWRS shareholders?

The dividend will be payable on June 30, 2020.

What is the record date for the GWRS dividend?

The record date for the dividend is June 16, 2020.

What is the total annualized dividend for GWRS shares?

The total annualized dividend for GWRS shares is $0.2892 per share.

How does Global Water Resources recycle water?

Global Water Resources recycles nearly 1 billion gallons of water annually, utilizing an integrated approach to water management.