Global Water Resources Declares Monthly Dividend
PHOENIX — Global Water Resources, Inc. (NASDAQ: GWRS), a company dedicated to effective water resource management, has announced a monthly cash dividend of $0.02533 per common share. This translates to an annual dividend rate of $0.30396 per share, adhering to the company's established dividend policy.
The upcoming dividend will be paid on a designated date to shareholders recorded as of the close of business just days before. This commitment reflects the company’s dedication to providing value to its investors while continuing its mission of sustainable water management.
Understanding Global Water Resources
Global Water Resources, Inc. stands out as a prominent player in the water resource management sector. The company effectively owns and manages 39 systems that deliver vital water, wastewater, and recycled water services. Primarily operating in fast-growing regions around the metropolitan areas, Global Water not only contributes to the community’s water needs but also emphasizes sustainability by recycling over 1 billion gallons of water each year, accumulating an impressive 18.1 billion gallons since 2004.
Innovative Water Management Practices
The organization has garnered acclaim for its implementation of Total Water Management (TWM), an innovative approach that integrates management of the entire water cycle. By owning and operating various utilities in the same geographic locations, Global Water maximizes the beneficial use of recycled water. This methodology facilitates advanced water management techniques, including cutting-edge metering infrastructure and targeted conservation programs.
Award-Winning Company
Global Water’s commitment to excellence has not gone unnoticed. The company has received several esteemed industry awards, including national recognition as a ‘Utility of the Future Today’ for its exceptional water reuse practices. This recognition is awarded by a national consortium led by the Water Environment Federation (WEF), highlighting their leadership in conservation initiatives.
Moreover, the company earned Cityworks’ Excellence in Departmental Practice Award, which underscores their innovative strategies in managing public assets to enhance operational efficiency and long-term planning.
Community and Environmental Impact
Global Water Resources actively engages in projects aimed at environmental sustainability and community water conservation initiatives. Their smart water management programs not only contribute to environmental protection but also support the growing demands of population centers experiencing rapid expansion.
Future Developments
The company continues to evaluate and implement technologies and strategies that further enhance their water management capabilities. The adoption of advanced technologies, predictive analytics, and community engagement practices remain at the forefront of Global Water’s operational strategies.
As the demand for clean and sustainable water sources increases, Global Water Resources is dedicated to leading the charge in innovative water solutions. Their proven track of excellence and forward-thinking initiatives signify a promising future as they continue to adapt in a dynamic industry.
Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
Email Contact
Investor Relations Contact:
Ron Both or Grant Stude
Encore Investor Relations
Tel (949) 432-7450
Email Contact
Frequently Asked Questions
What is the dividend amount declared by Global Water Resources?
The company has declared a monthly cash dividend of $0.02533 per common share.
When will the dividend be paid to shareholders?
The dividend is set to be paid on a designated date to those on record prior to that date.
What is Total Water Management?
Total Water Management is Global Water's approach to integrate the management of water, wastewater, and recycled water utilities within the same area.
What awards has Global Water received?
The company has achieved numerous accolades, including recognition as a 'Utility of the Future Today' for its water reuse practices.
How does Global Water contribute to environmental sustainability?
Global Water engages in several initiatives that promote community water conservation and aim to protect water supplies in areas with increasing demands.
