Global Water Resources Declares Monthly Cash Dividend
Global Water Resources, Inc. (NASDAQ: GWRS), a company dedicated to sustainable water resource management, has announced an exciting development for its shareholders. The company has established a monthly cash dividend of $0.02508 per common share, which translates to an annualized dividend rate of $0.30096 per common share.
Dividend Payment Schedule
Although the specifics of payment dates are important for investors, the dividend will be distributed on October 31, 2024, for all holders recorded as of the close of business on October 17, 2024. This structured approach to dividend issuance underscores the company’s commitment to offering consistent returns to its shareholders.
Understanding Global Water Resources
Global Water Resources, Inc. stands out as a leader in water resource management within its operational regions. Owning and managing 32 different systems, the company provides essential water, wastewater, and recycled water services. Its services notably thrive in key metropolitan areas that are experiencing rapid growth, particularly around urban hubs.
Achievements in Water Management
The company is recognized for its innovative Total Water Management (TWM) approach. This comprehensive strategy manages the complete water cycle, allowing Global Water to maximize the utility of recycled water. By integrating water and wastewater services within a single geographic area, the company enhances real conservation efforts, thereby better protecting vital water supplies in regions facing population surges and water scarcity.
Award-Winning Practices
Global Water has garnered numerous accolades for its outstanding practices in water management. The company received national acknowledgment as a ‘Utility of the Future Today’ for its exceptional methods in water reuse, thanks to a coalition of conservation organizations, with endorsement from the Water Environment Federation (WEF). Additionally, the company has been celebrated with Cityworks' Excellence in Departmental Practice Award, highlighting their innovative approach to public asset management in daily operations.
Contact Information for Inquiries
For those seeking further insight into Global Water Resources, Michael Liebman serves as the Chief Financial Officer and Senior Vice President, reachable at (480) 999-5104. Additionally, investor inquiries can be directed to Ron Both or Grant Stude at CMA Investor Relations by calling (949) 432-7566. Email contact is also available for those wishing to communicate electronically.
Frequently Asked Questions
What is the amount of the declared dividend by Global Water Resources?
The monthly cash dividend is set at $0.02508 per common share.
When will the dividend be paid?
The dividend will be payable on October 31, 2024.
What is the Total Water Management approach?
Total Water Management is a strategy that integrates water, wastewater, and recycled water utilities to enhance water recycling and conservation efforts.
How many systems does Global Water Resources operate?
The company operates 32 different systems primarily in growth areas around metropolitan regions.
Who can be contacted for investor relations?
Investors can reach out to Ron Both or Grant Stude at CMA Investor Relations at (949) 432-7566.
