Welcome to our dedicated page for Global Water news (Ticker: GWRS), a resource for investors and traders seeking the latest updates and insights on Global Water stock.
Global Water Resources, Inc. (NASDAQ: GWRS) is a pure-play water resource management company in the utilities sector, operating 39 systems that provide water, wastewater, and recycled water services in growth corridors around metropolitan Phoenix and Tucson, Arizona. Its news flow reflects both its role as a regulated utility and its focus on Total Water Management (TWM), an integrated approach to managing the entire water cycle within the same geographic area.
On this page, readers can follow company announcements about monthly cash dividends, which Global Water Resources declares under its dividend policy with a stated monthly amount and annualized rate. The company regularly issues press releases detailing dividend declaration dates, record dates, and payment dates for shareholders of record.
Investors and observers will also find earnings-related news, including quarterly results that discuss revenue trends, net income, adjusted EBITDA, and operational metrics such as active service connections, water consumption, and infrastructure investment. These releases often explain the impact of organic connection growth, acquisitions of additional water systems, and rate changes approved by the Arizona Corporation Commission.
Additional news items cover corporate and regulatory developments, such as board appointments, participation in investor conferences, private placements of common stock, and updates on rate case proceedings for the company’s regulated subsidiaries. Together, these updates provide insight into how Global Water Resources manages growth, financing, and regulation while operating water, wastewater, and recycled water utilities in Arizona’s expanding metropolitan areas.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02458 per common share, equating to an annualized amount of $0.29496 per share. This dividend will be payable on January 31, 2022, to shareholders on record as of January 18, 2022. The company focuses on water resource management and operates 17 utilities, mainly in growth areas of metropolitan Phoenix, recycling nearly 1 billion gallons of water annually.
Global Water Resources (NASDAQ: GWRS) announced a Letter of Intent to acquire Farmers Water Co., enhancing its utility portfolio in Pima County, Arizona. This acquisition aims to integrate 3,300 active water service connections, complementing Global Water’s recent acquisitions. The company plans to upgrade the acquired utility's infrastructure, including transitioning to smart meters for improved efficiency. This acquisition represents GWRS's seventh in Pima County and aligns with its strategy to capitalize on growth in the Arizona Sun Corridor, expected to double in population by 2040.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a 1% increase in its monthly cash dividend, raising it to $0.02458, which amounts to $0.29496 annually. This change will take effect with the dividend payment on December 30, 2021, to shareholders on record by December 16, 2021.
The company operates 17 utilities primarily in metropolitan Phoenix, managing water, wastewater, and recycled water services, and annually recycles nearly 1 billion gallons of water.
Global Water Resources (NASDAQ: GWRS) will present at the Bank of America 2021 Water Conference on December 6, 2021. CEO Ron Fleming, along with CFO Mike Liebman and Chief Strategy Officer Chris Krygier, will participate in one-on-one meetings with analysts and investors.
They will discuss a 9.5% revenue increase to $31.6 million for the first nine months of 2021, fueled by organic growth and rate hikes. The company also maintains a monthly dividend of approximately $0.29 per share and recently completed an acquisition of 1,100 active water service connections in Arizona.
Global Water Resources, Inc. (NASDAQ: GWRS) announced the promotion of Joanne Ellsworth to executive vice president of corporate affairs. Previously the vice president of corporate and regulatory affairs, Ellsworth brings over 25 years of experience to her new role. CEO Ron Fleming highlighted her significant contributions to the company’s growth. Global Water continues to expand through acquisitions while focusing on sustainable water management. The company operates 17 utilities and recycles over 1 billion gallons of water annually, positioning itself as a leader in the water resource management sector.
Global Water Resources, Inc. (NASDAQ: GWRS) reported Q3 2021 results, showing revenue growth of 6.0% to $11.4 million, driven by infrastructure coordination agreements and an increase in active service connections, which rose 9.2% to 51,958. Net income rose 32.4% to $1.5 million. The company declared monthly dividends and invested $5.4 million in infrastructure projects. Future growth is anticipated from a rate case pending decision and recent acquisitions, including Las Quintas Serenas Water Company, adding over 1,100 active connections.
Global Water Resources (NASDAQ: GWRS) has successfully acquired Las Quintas Serenas Water Company, enhancing its service area by approximately 2.5 square miles and adding 1,100 active water service connections, representing a 2% increase in total connections. This strategic acquisition comes with a capital investment of about $1 million and aims to modernize service with smart meters for improved efficiency and customer cost savings. This marks Global Water’s sixth acquisition in Pima County and aligns with its future growth plans in Arizona's expanding population regions.
Global Water Resources, Inc. (NASDAQ: GWRS) has announced a monthly cash dividend of $0.02434 per common share, totaling an annualized $0.29208 per share. The dividend will be payable on November 30, 2021, to shareholders recorded by the close of business on November 16, 2021. The company is noted for its efficient Total Water Management approach and operates 16 utilities in water-scarce areas around metropolitan Phoenix, recycling nearly 1 billion gallons of water annually.
Global Water Resources (NASDAQ: GWRS) will host a conference call on November 9, 2021, at 1:00 p.m. ET to discuss its third-quarter financial results for the period ending September 30, 2021. The call will include a presentation followed by a Q&A session. Participants can join via a toll-free dial-in number or through a live webcast available on the company’s website. A replay will be accessible after the call and until November 23, 2021. Global Water Resources operates 16 utilities, providing vital water services, and emphasizes its Total Water Management approach.
Global Water Resources has declared a monthly cash dividend of $0.02434 per common share, amounting to an annualized total of $0.29208 per share. This dividend will be payable on October 29, 2021, to shareholders of record as of October 15, 2021. The company, which manages 16 utilities primarily in metropolitan Phoenix, recycles nearly 1 billion gallons of water annually and emphasizes its Total Water Management approach to enhance resource conservation.