Global Water Resources Declares Monthly Dividend
PHOENIX — Global Water Resources, Inc. (NASDAQ: GWRS), a leader in water resource management, has officially announced its intention to issue a monthly cash dividend of $0.02533 for each common share, resulting in an impressive annual dividend rate of $0.30396 per share.
Understanding the Dividend Announcement
This dividend is part of the company’s commitment to returning value to its shareholders and will be paid out on December 30 to those who hold shares by the cutoff date of December 16. Such regular dividends underscore the firm’s stable financial health and robust business model.
Who is Global Water Resources?
Company Overview
Global Water Resources, Inc. specializes in managing water resources, operating 39 systems that offer water and wastewater services. The organization particularly focuses on evolving areas that showcase considerable growth potential around metropolitan regions.
Sustainability Initiatives
With an impressive track record, Global Water recycles over 1 billion gallons of water each year, totaling around 18.9 billion gallons recycled since 2004. Their commitment to preserving environmental resources is integral to their operations.
Total Water Management Approach
This company has pioneered the Total Water Management (TWM) strategy, which integrates the management of water, wastewater, and recycled resources within the same geographic region. This comprehensive method enhances the utility of recycled water and promotes smarter management techniques.
Acknowledgements and Awards
Global Water Resources has gained formidable recognition for its effective conservation strategies and was notably named a ‘Utility of the Future Today’ for its commitment to superior water reuse practices. This accolade highlights the firm’s forward-thinking approach and effectiveness in addressing water scarcity challenges.
Contact Information
Company Contact:
Michael Liebman
CFO and SVP
Tel: (480) 999-5104
Investor Relations Contact:
Ron Both or Grant Stude
Encore Investor Relations
Tel: (949) 432-7450
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 out?
The dividend payment is scheduled for December 30, with a record date of December 16.
What sets Global Water apart in the industry?
Global Water Resources is recognized for its Total Water Management approach, which integrates various water services to maximize resource efficiency.
How does the company contribute to sustainability?
The firm recycles over 1 billion gallons of water annually, demonstrating its commitment to sustainable water management practices.
Who can I contact for more information about Global Water?
For inquiries, you can reach Michael Liebman at (480) 999-5104 or contact their investor relations at (949) 432-7450.
