Global Water Resources Announces Monthly Dividend Payment
Global Water Resources Reveals Monthly Dividend Details
Global Water Resources, Inc. (NASDAQ: GWRS), a prominent player in water resource management, has declared a monthly cash dividend of $0.02508 per common share. This translates to an annualized rate of $0.30096 per share, demonstrating the company's ongoing commitment to returning value to its shareholders.
Upcoming Payment Schedule for Investors
The declared dividend is set to be paid on October 31, to all stockholders officially recorded by the close of business on October 17. This regular payment highlights how Global Water Resources values its investors and aims to provide consistent returns.”
Insight into Global Water Resources
Global Water Resources is an esteemed water management company that owns and operates a diverse portfolio of 32 systems providing essential services such as water supply, wastewater treatment, and recycled water. Their operations primarily occur in rapidly growing regions around metropolitan Phoenix, underscoring their strategic positioning in areas with increasing water needs. Notably, the company has successfully recycled more than 1 billion gallons of water per year, accumulating over 17 billion gallons since its inception in 2004.
Innovative Total Water Management Approach
At the core of Global Water's operations is the Total Water Management (TWM) approach. TWM is an innovative, integrated system for managing the entire water cycle. It allows the company to simultaneously oversee water supply, wastewater, and recycled water utilities within a unified geographic area. By doing so, Global Water maximizes the functional use of recycled water and advances effective water management strategies.
Benefits of Total Water Management
This comprehensive approach not only optimizes water resources but also drives efficiencies through smart water management programs. These programs often utilize remote metering infrastructure and contemporary technologies that encourage water conservation. TWM is particularly critical for safeguarding water availability in regions experiencing rapid population growth and limited water supplies.
Award-Winning Water Management Solutions
Globally recognized for its excellence, Global Water has received multiple prestigious industry awards, including the 'Utility of the Future Today' acknowledgment for its outstanding water reuse initiatives. This recognition comes from a prominent national consortium of water and conservation organizations led by the Water Environment Federation (WEF).
Leadership and Innovation Recognition
In addition to this accolade, the company was honored with Cityworks’ Excellence in Departmental Practice Award. This award highlights their strategic leadership and ingenuity in applying public asset management strategies to their daily operations and long-term strategic planning, further solidifying their stance as leaders in the water management sector.
Company Communication and Contact Information
For those interested in learning more about Global Water Resources, further details can typically be found on their official website.
Company Contact:
Michael Liebman
CFO and SVP
Tel: (480) 999-5104
Investor Relations Contacts:
Ron Both or Grant Stude
CMA Investor Relations
Tel: (949) 432-7566
Frequently Asked Questions
What is the amount of the monthly dividend declared by Global Water Resources?
The monthly dividend declared by Global Water Resources is $0.02508 per common share.
When will the dividend be paid to shareholders?
The dividend will be paid on October 31.
What is Total Water Management?
Total Water Management is an integrated approach that encompasses the management of water, wastewater, and recycled water utilities to maximize water resource efficiency.
How many systems does Global Water manage?
Global Water Resources manages a total of 32 systems providing essential water services.
What significant recognition has Global Water received?
Global Water has been recognized as a 'Utility of the Future Today' for its innovative water reuse practices and leadership in the field.
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