Global Water Resources Declares Cash Dividend for Shareholders
Global Water Resources, Inc. (NASDAQ: GWRS), a prominent player in water resource management, has announced a monthly cash dividend of $0.02533 per share. This announcement reflects the company's dedication to delivering consistent returns to its shareholders.
Details of the Monthly Dividend
The forthcoming dividend payment will occur on March 31, with the record date set for March 17. This signifies the company's robust financial health and ongoing commitment to its investors.
Understanding Global Water Resources
Focused on water resource management, Global Water Resources operates 32 systems providing essential water, wastewater, and recycled water services. The company strategically positions its services in growth corridors around metropolitan areas, where the demand for water management is crucial.
Innovative Water Management Practices
One of the hallmarks of Global Water Resources is its implementation of Total Water Management (TWM). This innovative strategy encompasses a comprehensive approach to managing the water cycle. TWM integrates the ownership and operation of water utilities, maximizing water's beneficial use through advanced technologies and smart management programs. The initiative includes remote metering and conservation incentives, addressing the pressing need for efficient water use in areas facing population growth and water scarcity.
Award-Winning Practices
Global Water Resources has garnered numerous accolades for its outstanding approach to water reuse and conservation. The company received national recognition as a 'Utility of the Future Today' by a consortium of industry experts and organizations dedicated to water conservation. Additionally, it was honored with Cityworks' Excellence in Departmental Practice Award, which acknowledges innovation in public asset management and operational strategies.
Commitment to Sustainability
With a commitment to sustainability, Global Water Resources has recycled over 1 billion gallons of water annually, amounting to an impressive 17.4 billion gallons since its inception in 2004. Their efforts not only contribute to environmental conservation but also ensure the availability of resources for future generations.
Contact Information for Stakeholders
For inquiries, stakeholders can reach out to Michael Liebman, CFO and SVP, at (480) 999-5104. There is also the option for direct email communication to ensure a smooth dialogue with the company.
Frequently Asked Questions
What is the amount of the monthly dividend declared by Global Water Resources?
The company has declared a monthly dividend of $0.02533 per common share.
When will the dividend be payable?
The dividend will be payable on March 31 to holders of record as of March 17.
What is Total Water Management?
Total Water Management is an integrated approach to manage the entire water cycle, ensuring efficient water use and sustainability.
How many water systems does Global Water Resources operate?
Global Water Resources operates 32 different systems focused on water management services.
Who should I contact for investor relations?
For investor inquiries, you can contact Ron Both or Grant Stude at (949) 432-7566.
