Global Water Resources Declares Monthly Dividend

Global Water Resources has declared a monthly cash dividend of $0.02434 per common share, totaling an annualized amount of $0.29208.

Rhea-AI Summary

Global Water Resources has declared a monthly cash dividend of $0.02434 per common share, totaling an annualized amount of $0.29208. The payment date is set for September 30, 2021, for shareholders on record at the close of business on September 16, 2021. As a leading water resource management company, it operates 16 utilities primarily around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually.

Positive

• Monthly cash dividend of $0.02434 per share, annualized to $0.29208, providing direct income to shareholders.
• Recycling of nearly 1 billion gallons of water annually showcases commitment to sustainable resource management.

Negative

• None.

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+0.76% session move Open Argus

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News Market Reaction – GWRS

In the trading session that priced this news, GWRS gained 0.76%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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PHOENIX, Aug. 31, 2021 (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 $0.02434 per common share (an annualized amount of $0.29208 per share), which will be payable on September 30, 2021, to holders of record at the close of business on September 16, 2021.

About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 16 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). TWM is an integrated approach to managing the entire water cycle by owning and operating water, wastewater and recycled water utilities within the same geographic area in order to maximize the beneficial use of recycled water. TWM includes additional 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 Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email contact

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Global Water Resources?

Global Water Resources declared a monthly cash dividend of $0.02434 per common share.

When will the dividend be paid?

The dividend will be payable on September 30, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is September 16, 2021.

How much water does Global Water Resources recycle annually?

Global Water Resources recycles nearly 1 billion gallons of water annually.

What operational strategy does Global Water Resources utilize?

The company implements Total Water Management (TWM) to maximize the beneficial use of recycled water.