Global Water Resources Declares Monthly Dividend
PHOENIX — Global Water Resources, Inc. (NASDAQ: GWRS), a dedicated company in the water resource management sector, has proudly announced a monthly cash dividend of $0.02533 per common share. This translates to an annual dividend rate of $0.30396 per share, reflecting the company’s robust financial health and commitment to its investors.
Details About the Dividend Payment
The upcoming dividend will be paid on April 30 to shareholders recorded as of the close of business on April 16. This systematic approach to dividends not only strengthens investor confidence but also reinforces the company's pledge to enhance shareholder value.
About Global Water Resources
Global Water Resources is recognized as a leading entity in the realm of water management, operating 32 systems that provide comprehensive services such as water, wastewater, and recycled water supply. While primarily servicing areas experiencing significant population growth, including metropolitan regions, the company has made a notable impact on local infrastructure and water sustainability.
Sustainable Water Management Practices
With an impressive track record, Global Water Resources recycles over one billion gallons of water annually, amassing 17.7 billion gallons recycled since its inception in 2004. This helps mitigate the stress on local water supplies, particularly in regions where water scarcity is a pressing concern. The company's innovative approach integrates Total Water Management (TWM), a comprehensive strategy aimed at managing the water cycle effectively.
Recognition and Awards
Global Water's commitment to sustainability and efficiency has earned it several accolades, including national recognition as a 'Utility of the Future Today' for its superior water recycling practices. These awards highlight the company’s leadership in adopting advanced technologies and practices that facilitate effective water resource management. The recognition by the Water Environment Federation showcases Global Water’s dedication to leading the charge in responsible water use.
Technological Innovations
Adopting advanced methods such as remote metering and innovative rate designs, Global Water successfully implements strategies that promote conservation. This attention to technology not only optimizes operations but also encourages the adoption of sustainable practices among its consumers.
Contact Information
For more insights into Global Water Resources and to stay updated on its initiatives, potential investors and interested parties can reach out to:
Michael Liebman
CFO and SVP
Tel: (480) 999-5104
Investor Relations Contacts:
Ron Both or Grant Stude
CMA
Tel: (949) 432-7566
Frequently Asked Questions
What is the amount of the declared dividend by Global Water Resources?
The declared monthly dividend is $0.02533 per common share, equivalent to an annual rate of $0.30396.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on April 30 to shareholders on record as of April 16.
What is Total Water Management (TWM)?
Total Water Management is an integrated approach employed by Global Water to manage the water cycle effectively, allowing for optimized use of resources.
How has Global Water Resources been recognized in its field?
The company has received several industry awards, notably being named a 'Utility of the Future Today' for its excellent water reuse practices.
What technologies does Global Water use to enhance its services?
Global Water employs advanced technologies, including remote metering, to promote efficient water management and conservation initiatives.
