Global Water Resources Declares Monthly Dividend
PHOENIX — Global Water Resources, Inc. (NASDAQ: GWRS), a leader in water resource management, has declared a monthly cash dividend of $0.02533 per shared, translating to an annual dividend rate of $0.30396 per share. This move reflects the company's ongoing commitment to returning value to its shareholders and strengthening its financial standing.
Details of the Dividend Payment
The dividend is scheduled to be paid on a specific date, pending approvals, to shareholders who are on record before the cutoff date. This payment plan ensures that the company maintains reliable returns for its investors while reinforcing their trust in the brand.
About Global Water Resources
Global Water Resources, Inc. stands as a premier player in the water resource management sector, owning and managing 32 utility systems that provide essential water, wastewater, and recycled water services. The company is primarily focused on areas experiencing substantial urban growth. Through innovative strategies, Global Water effectively recycles over 1 billion gallons of water each year, contributing to over 17.7 billion gallons recycled since it began operations in 2004.
Innovative Management Practices
The firm is famed for its Total Water Management (TWM) approach, which integrates all aspects of the water cycle management. With TWM, Global Water operates water, wastewater, and recycled water utilities concurrently within the same region, maximizing operational efficiency and water conservation. The strategy utilizes modern technologies, remote metering infrastructure, and effective rate designs to promote sustainability.
Award-Winning Practices
Global Water Resources' commitment to innovation has earned the organization several accolades, including recognition as a ‘Utility of the Future Today.’ This honor is awarded for its exceptional water reuse practices by a national consortium led by the Water Environment Federation (WEF). Additionally, the company received the Cityworks’ Excellence in Departmental Practice Award, highlighting its leadership in public asset management strategies.
Company Contacts for More Information
Individuals seeking further insights into the company’s operations or investor relations can reach out directly:
Company Contact
Michael Liebman, CFO and SVP
Phone: (480) 999-5104
Investor Relations Contact
Ron Both or Grant Stude, CMA
Phone: (949) 432-7566
For additional queries, you may reach out via email for comprehensive information regarding services or investment opportunities.
Frequently Asked Questions
What is the amount of the declared dividend by Global Water Resources?
The declared dividend is $0.02533 per common share.
When will the dividend be paid to shareholders?
The dividend is anticipated to be payable on a specific date to those recorded before a set cutoff date.
What is Total Water Management?
Total Water Management (TWM) is an innovative approach by Global Water Resources, focusing on the comprehensive management of the water cycle.
How has Global Water Resources been recognized in the industry?
The company has received various awards, including 'Utility of the Future Today,' for its outstanding practices in water reuse.
Who can I contact for more information about Global Water Resources?
You can contact Michael Liebman for company-specific inquiries or Ron Both/Grant Stude for investor relations.
