Global Water Resources Declares Monthly Dividend for Investors
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Global Water Resources Declares Monthly Dividend
Global Water Resources, Inc. (NASDAQ: GWRS), a premier water resource management company, has announced a cash dividend of $0.02508 for each common share. This translates to an annual dividend rate of $0.30096 per share. This move reflects the organization’s commitment to providing value to its shareholders while demonstrating financial stability.
Details of the Dividend
The recently declared dividend is scheduled for distribution on September 30 to all shareholders registered as of September 16. This monthly initiative highlights Global Water Resources' reliable dividend policy and its focus on fostering long-term relationships with its investors.
About Global Water Resources
Global Water Resources is a distinguished player in the water resource management sector, overseeing a network of 32 systems dedicated to delivering water, wastewater, and recycled water services. The company's operations mainly focus on areas with significant growth potential, particularly around metropolitan Phoenix. A notable achievement is their annual recycling of over 1 billion gallons of water, marking a total of 17.0 billion gallons recycled since the year 2004.
Total Water Management Approach
Understanding TWM
The company has excelled in implementing Total Water Management (TWM), an integrated strategy that manages the complete water cycle. This approach not only includes the operation of water, wastewater, and recycled water utilities but also enhances the use of recycled water. TWM supports innovative water management strategies such as remote metering infrastructures and advanced technological solutions. Consequently, these initiatives result in substantial water conservation, particularly in regions facing increasing population pressures.
Awards and Recognition
Global Water Resources has garnered multiple accolades for its efforts in water resource management. The company earned national recognition as a ‘Utility of the Future Today,’ awarded for its exceptional water reuse methods by a coalition of conservation organizations led by the Water Environment Federation (WEF). Additionally, the Cityworks’ Excellence in Departmental Practice Award has acknowledged the company's leadership in integrating public asset management into its operational practices.
Company Contacts
For more information about Global Water Resources, feel free to contact:
Michael Liebman
CFO and SVP
Tel: (480) 999-5104
Email: Email Contact
Investor Relations Contacts:
Ron Both or Grant Stude
CMA Investor Relations
Tel: (949) 432-7566
Email: Email contact
Frequently Asked Questions
What is the declared dividend amount by Global Water Resources?
The company has declared a monthly cash dividend of $0.02508 per common share.
When will the dividend be paid?
The dividend is set to be paid on September 30 of the current year.
What services does Global Water Resources provide?
Global Water Resources offers water, wastewater, and recycled water services through its network of 32 systems.
What is the significance of Total Water Management?
Total Water Management aims to maximize the use of recycled water and enhance overall water conservation, particularly in communities experiencing growth.
How can I contact Global Water Resources?
You can reach out through the company’s CFO or Investor Relations contacts, as provided above.
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