Global Water Resources Declares Monthly Cash Dividend
Global Water Resources, Inc. (GWRS), a dedicated water management company, has recently announced its monthly cash dividend of $0.02508 per common share, equating to an annualized dividend rate of $0.30096 per share. This decision underscores the company’s commitment to delivering value to its shareholders through regular dividends.
Dividend Payment Schedule
This dividend will be payable on the 27th of November to all shareholders on record as of the 13th of November. This structure provides investors a reliable return and demonstrates Global Water's strength in the market.
About Global Water Resources
Global Water Resources, Inc. stands out as a leader in the realm of water resource management, successfully owning and operating 32 systems that deliver water, wastewater, and recycled water services. The company strategically focuses on areas exhibiting significant growth potential around major metropolitan areas. An impressive feat, Global Water recycles over 1 billion gallons of water annually. Since its inception in 2004, it has recycled a staggering 17.0 billion gallons of water.
Innovative Water Management Practices
The company is renowned for its implementation of Total Water Management (TWM), which adopts a holistic approach to managing the entire water cycle. TWM involves the integration of various water services and utilities in the same geographical area, aiming to enhance the beneficial use of recycled water. Through this framework, the company implements smart water management programs, utilizing advanced technologies like remote metering infrastructure, which further supports significant conservation efforts in water-scarce regions.
Awards and Recognition
Global Water has garnered multiple awards, highlighting its excellence in water reuse and sustainability. The company has been nationally recognized as a ‘Utility of the Future Today’ for its exceptional water reuse practices. Moreover, Global Water was honored with the Cityworks' Excellence in Departmental Practice Award, showcasing its leadership in applying innovative public asset management strategies.
Commitment to Stakeholders
Global Water Resources is not just committed to its operations but also dedicated to maintaining strong communication with its stakeholders. For any inquiries, Michael Liebman, the CFO and SVP, can be contacted directly at (480) 999-5104. For matters related to investor relations, Ron Both or Grant Stude can be reached through CMA Investor Relations at (949) 432-7566.
Conclusion
As a frontrunner in water resource management, Global Water Resources continues to pave the way for sustainable practices within the industry while ensuring consistent returns for its investors. The monthly dividend announcement reaffirms its financial stability and commitment to its shareholders.
Frequently Asked Questions
What is the recent dividend declared by Global Water Resources?
The company declared a monthly dividend of $0.02508 per share.
When will the dividend be paid?
The dividend will be payable on November 27 to shareholders of record as of November 13.
How does Global Water manage its water resources?
They utilize a Total Water Management approach, integrating various water services to enhance recycling and conservation.
What awards has Global Water Resources received?
It has received numerous awards, including recognition as a ‘Utility of the Future Today’ for its exceptional water reuse practices.
How can I contact Global Water Resources?
Michael Liebman, the CFO, can be reached at (480) 999-5104 for general inquiries.
