Global Water Resources Declares Monthly Dividend
Global Water Resources, Inc. (NASDAQ: GWRS), a company dedicated to efficient water resource management, has announced a monthly cash dividend of $0.02533 per common share, which translates to an annual dividend rate of $0.30396 per share. This announcement underscores the company’s commitment to enhancing shareholder value while managing water resources sustainably.
Details of the Dividend
The recent dividend will be payable to shareholders on the 31st of January to those on record as of January 17. Such consistent dividend payments reflect Global Water's sound business practices and healthy financial standing in the market.
Understanding Global Water Resources
Global Water Resources specializes in water management, owning and operating 32 distinct systems that provide vital water, wastewater, and recycled water services. Mainly located in metropolitan areas experiencing significant growth, these systems are integral to local communities.
Significant Water Conservation Efforts
A remarkable achievement of Global Water is its capacity to recycle over 1 billion gallons of water annually, totaling approximately 17.4 billion gallons recycled since 2004. This impressive statistic highlights the company’s dedication to sustainable water practices and resource conservation.
Innovations in Total Water Management
Global Water has effectively implemented its Total Water Management (TWM) approach, which integrates the management of the entire water cycle. By overseeing water utilities within the same geographic areas, Global Water maximizes recycled water usage. This initiative incorporates advanced technologies like remote metering and innovative rate designs, which encourage water conservation and efficient management.
Award-Winning Practices
The company has earned multiple accolades for its exceptional practices. Among these recognitions, Global Water has been honored as a ‘Utility of the Future Today’ for its leading water reuse initiatives, showcasing its commitment to excellence in water management. Furthermore, it received the Excellence in Departmental Practice Award from Cityworks for exemplary public asset management strategies.
Connecting with Global Water Resources
With a clear focus on sustainable practices and community engagement, Global Water Resources is poised to make a significant positive impact on the environment and public health. Stakeholders and interested audiences are encouraged to learn more about their initiatives and the importance of responsible water management.
Frequently Asked Questions
What is the amount of the declared monthly dividend?
Global Water Resources announced a monthly dividend of $0.02533 per common share.
When will the dividend be paid?
The dividend will be payable on January 31 to shareholders on record as of January 17.
What services does Global Water offer?
Global Water specializes in water, wastewater, and recycled water management, serving various metropolitan areas.
How much water does Global Water recycle annually?
The company recycles over 1 billion gallons of water each year.
What is Total Water Management?
Total Water Management (TWM) is Global Water's integrated approach to managing the water cycle, promoting efficient water usage and conservation.
