Global Water Resources Announces New Dividend
Global Water Resources, Inc. (NASDAQ: GWRS), a premier company focused on water resource management, has declared a significant monthly cash dividend of $0.02533 for each common share. This translates to an annual dividend rate of $0.30396 per share, reflecting their commitment to enhancing shareholder value through consistent returns.
Details of the Upcoming Dividend Payment
The upcoming dividend will be payable to shareholders on November 26. To receive this dividend, investors must be on record by the close of business on November 12. This structured dividend schedule signifies the company’s reliability and dedication to its investors, promising a steady income stream.
Understanding Global Water Resources' Impact
As a leading entity in the water resource management sector, Global Water Resources operates 39 distinct systems that provide critical services such as water supply, wastewater management, and recycling. Their operations predominantly cater to regions experiencing growth, ensuring that essential water services keep pace with increasing demands.
Innovative Water Management Practices
Total Water Management (TWM) Approach
Global Water Resources is well-regarded for its innovative Total Water Management (TWM) strategy. This integrated approach manages the entire water cycle in a designated area. By owning and operating multiple utilities including water and recycled systems, they maximize efficiency and promote sustainable practices. The TWM model empowers the utilization of advanced technologies such as remote metering to enhance resource conservation.
A Commitment to Sustainability and Recognition
The organization's dedication to sustainability has earned it numerous accolades, highlighting its exemplary water reuse practices. Recognized as a 'Utility of the Future Today' by a coalition of water and conservation organizations, Global Water Resources demonstrates leadership in resource management. They have also received awards for their public asset management strategies, showcasing their commitment to operational excellence.
Future Growth and Community Engagement
Looking ahead, Global Water Resources is dedicated to continuing its role as a frontrunner in water management, particularly in areas facing water scarcity. Their efforts to recycle over one billion gallons of water annually are crucial in supporting sustainable growth and conserving essential resources for future generations.
Company Information and Contact
For further inquiries about their services or the recent dividend declaration, potential investors and interested parties can reach out to the company. Global Water Resources can be contacted directly through their investor relations team or their general contact number. They are committed to maintaining open lines of communication with stakeholders to facilitate transparency and engagement.
Frequently Asked Questions
What is the amount of the declared dividend from Global Water Resources?
The company declared a monthly cash dividend of $0.02533 per common share.
When will the dividend be paid?
The dividend is set to be paid on November 26 to shareholders recorded by November 12.
How does Global Water Resources manage water resources?
They employ an integrated Total Water Management (TWM) approach to optimize water use across multiple systems.
What recognition has Global Water Resources received?
The company has been recognized for their water reuse practices and received several industry awards, including ‘Utility of the Future Today’.
How can I contact Global Water Resources?
Interested individuals can reach out directly to their CFO or Investor Relations contacts to get more information.
