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 (NASDAQ: GWRS) announced a monthly cash dividend of $0.02508 per common share, translating to an annualized dividend rate of $0.30096 per share.
The dividend will be payable on June 28, 2024, to shareholders of record as of June 14, 2024.
This declaration aligns with the company's existing dividend policy.
Global Water Resources, Inc. (NASDAQ: GWRS) reported its first quarter 2024 results, showcasing a total revenue decrease of $1.5 million, an increase in regulated revenue, net income of $0.7 million, and adjusted EBITDA of $5.4 million. The company invested $5.8 million in infrastructure projects and acquired seven water systems around Tucson. Despite challenges like a decrease in total revenue, Global Water remains optimistic about growth opportunities in Arizona's Sun Corridor.
Global Water Resources, Inc. (NASDAQ: GWRS) has agreed to acquire seven water systems from the City of Tucson, adding 2,200 customer connections in Pima County. This acquisition aligns with the company's growth strategy, increasing the total customer base to around 7,200 in the area. The integration will focus on consolidation, technology upgrades, and efficient water management practices. The deployment of advanced metering infrastructure (AMI) will enhance service quality and promote utility consolidation, automation, and water resource management.
Global Water Resources, Inc. (NASDAQ: GWRS) announced a monthly cash dividend of $0.02508 per common share, totaling $0.30096 per share annually. The dividend is payable on May 31, 2024, to shareholders of record as of May 17, 2024.
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