Global Water Resources Announces Monthly Dividend
Global Water Resources, Inc. (NASDAQ: GWRS), a leading company in water resource management, has declared a cash dividend of $0.02508 for each common share. This amounts to an annual dividend rate of $0.30096 per share, showcasing the company's commitment to delivering value to its shareholders while maintaining financial stability.
Dividend Distribution Details
The newly declared dividend is set to be distributed on September 30 to all shareholders who are registered by September 16. This monthly initiative underscores Global Water Resources' consistent dividend policy and its dedication to nurturing long-term relationships with investors.
About Global Water Resources
Global Water Resources is a prominent entity in the water resource management field, managing a network of 32 systems that provide water, wastewater, and recycled water services. The company's operations primarily target areas with significant growth potential, especially around metropolitan Phoenix. A remarkable achievement includes their annual recycling of over 1 billion gallons of water, contributing to a total of 17.0 billion gallons recycled since 2004.
Comprehensive Water Management Strategy
Understanding Total Water Management (TWM)
The company has excelled in implementing Total Water Management (TWM), an integrated approach that oversees the entire water cycle. This strategy encompasses the operation of water, wastewater, and recycled water utilities while also promoting the use of recycled water. TWM supports innovative water management techniques, including remote metering infrastructures and advanced technology solutions. As a result, these initiatives lead to significant water conservation, especially in areas facing growing population demands.
Awards and Recognition
Global Water Resources has received numerous accolades for its contributions to water resource management. The company has been nationally recognized as a ‘Utility of the Future Today’ for its outstanding water reuse practices, awarded by a coalition of conservation organizations led by the Water Environment Federation (WEF). Furthermore, the Cityworks’ Excellence in Departmental Practice Award has acknowledged the company's leadership in incorporating public asset management into its operational framework.
Contact Information
If you would like more information about Global Water Resources, please feel free to reach out to:
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 scheduled to be paid on September 30 of this year.
What services does Global Water Resources provide?
Global Water Resources delivers 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 optimize the use of recycled water and enhance overall water conservation, particularly in growing communities.
How can I contact Global Water Resources?
You can reach out through the company’s CFO or Investor Relations contacts listed above.
