Global Water Resources Declares Monthly Dividend
PHOENIX — Global Water Resources, Inc. (NASDAQ: GWRS), a dedicated water resource management company, has declared a monthly cash dividend of $0.02533 per common share. This equates to an annual dividend rate of $0.30396 per share, reflecting the company’s commitment to returning value to its shareholders.
Dividend Payment Details
The dividend payment is scheduled for July 31 to shareholders on record as of July 17. This continuous commitment illustrates Global Water's sustainability and growth strategy within the water management industry.
About Global Water Resources
Global Water Resources, Inc. stands out as a leading player in the water resource management sector, managing a total of 32 systems that deliver essential services such as water, wastewater, and recycled water. The company's areas of operation are strategically positioned in growth corridors surrounding metropolitan regions, focusing on sustainability and efficiency.
Innovative Water Management Practices
With an impressive record of recycling over 1 billion gallons of water annually, Global Water has significantly contributed to the sustainability of water resources since 2004, totaling over 18.1 billion gallons recycled. The company’s innovative Total Water Management (TWM) approach integrates the management of water resources, optimizing service delivery and enhancing conservation practices.
Recognition and Achievements
Global Water’s dedication to effective water management has garnered it numerous accolades. Among these is the national recognition as a ‘Utility of the Future Today’, awarded for superior water reuse practices. Additionally, the company received Cityworks’ Excellence in Departmental Practice Award, showcasing its leadership in public asset management strategies.
Future of Water Resource Management
In light of increasing population growth and water-scarcity challenges, Global Water focuses on protective measures for water supplies. The implementation of smart water management technologies, including remote metering infrastructures and innovative rate designs, positions the company effectively in adapting to future demands.
Company Initiatives and Community Engagement
Global Water is also dedicated to engaging with local communities. Through education and outreach programs, the company informs residents about conservation techniques and encourages responsible water use, ensuring long-lasting community involvement in sustainability.
Contact Information
For further inquiries regarding the company, the following contacts are available:
Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
Email: Contact Michael
Investor Relations Contact:
Ron Both or Grant Stude
Encore Investor Relations
Tel (949) 432-7450
Email: Contact Investor Relations
Frequently Asked Questions
What is the amount of the declared dividend by Global Water Resources?
The declared monthly dividend by Global Water Resources is $0.02533 per common share.
When will the dividend be paid?
The dividend is scheduled to be paid on July 31 to shareholders who are on record by July 17.
What does Global Water manage?
Global Water manages water, wastewater, and recycled water services through its 32 operational systems.
What approach does Global Water use for water management?
Global Water utilizes Total Water Management (TWM) to streamline their water cycle management.
How can the community engage with Global Water?
The company promotes community engagement through education and outreach programs focused on water conservation.
