Global Water Stock Price, News & Analysis

Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02458 per common share, amounting to an annualized total of $0.29496 per share. This dividend is payable on July 29, 2022, to shareholders of record by the close of business on July 15, 2022.

The company operates 25 systems providing water, wastewater, and recycled water services, primarily in Phoenix's growth corridors. It effectively implements Total Water Management, recycling over 1 billion gallons of water annually, highlighting its commitment to sustainable practices.

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 will be payable on June 30, 2022, to shareholders of record by June 16, 2022. The company operates 25 systems providing vital water services, recycling over 1 billion gallons of water annually. It employs a Total Water Management (TWM) approach that optimizes water resources and supports conservation in growth areas around Phoenix.

Global Water Resources, Inc. (NASDAQ: GWRS) announced that CEO Ron Fleming has been elected chairman of the Maricopa Economic Development Alliance (MEDA). Previously serving as treasurer, Fleming brings over 20 years of management experience in the water and wastewater industry. MEDA is crucial for Maricopa's economic development, bringing together various sectors to foster growth. Fleming expressed pride in his new role, emphasizing MEDA's importance in addressing community challenges and supporting economic initiatives.

Global Water Resources Inc. (NASDAQ: GWRS) announced the election of new Directors and the ratification of Deloitte & Touche LLP as its independent accounting firm during its 2022 Annual Meeting of Stockholders. A total of 19,142,522 shares were voted, with significant support for the Directors, including Ron L. Fleming receiving 94.51% of votes. The compensation of named executive officers was also approved, with 98.99% of votes in favor. Global Water continues to lead in water management with 25 systems serving metropolitan Phoenix, recycling nearly 1 billion gallons annually.

Global Water Resources (GWRS) reported Q1 2022 results showing an 8.3% revenue increase to $10.0 million, driven by organic growth and acquisitions, including Las Quintas Serenas. Net income rose to $0.9 million, or $0.04 per share, up from a loss last year. Adjusted EBITDA surged by 45.1% to $5.2 million. Active service connections grew by 9.7% year-over-year, totaling 55,012. The company declared dividends of $0.02458 per share and has $11.1 million in cash resources. They expect continued growth from both service connections and strategic acquisitions.

Global Water Resources (NASDAQ: GWRS) has declared a monthly cash dividend of $0.02458 per share, amounting to an annualized total of $0.29496. This dividend will be payable on May 31, 2022, to shareholders on record by May 17, 2022. The company operates 25 systems in water management and is recognized for its Total Water Management approach that integrates water, wastewater, and recycled water services, thus promoting resource conservation.

Global Water Resources (NASDAQ: GWRS) has established a public-private partnership with the Town of Sahuarita, Arizona, aimed at enhancing regional water infrastructure and supporting local growth. The agreement includes a planned acquisition of Farmers Water Co., serving approximately 3,300 customers in the area. This partnership is expected to facilitate substantial community development, particularly in the strategically important Sahuarita East Conceptual Area Plan (SECAP), which could support up to 50,000 new homes. Global Water's smart meter implementation will promote water conservation and operational efficiency.

Global Water Resources, Inc. (NASDAQ: GWRS) will conduct a conference call on May 5, 2022, at 1:00 p.m. Eastern time to discuss its financial results for the first quarter ending March 31, 2022. A press release containing these results will be issued prior to the call. Investors can participate via toll-free or international dial-in numbers and access a webcast on the company's website. A replay of the call will be available after 4:00 p.m. Eastern time on the same day until May 19, 2022.

Global Water Resources (NASDAQ: GWRS) announced a definitive agreement to acquire Farmers Water Co., enhancing its service area in Pima County, Arizona. The acquisition adds approximately 3,300 active water service connections and expands its operational footprint. This move aligns with Global Water’s strategy to address growing community needs in the Arizona Sun Corridor, projected to double in population by 2040. The transaction is expected to close in Q1 2023, subject to customary conditions. Global Water aims to implement smart metering technology to improve operational efficiency and customer service.