Global Water Resources Upholds Monthly Dividend Commitment

Global Water Resources Declares Monthly Cash Dividend
Global Water Resources, Inc. (NASDAQ: GWRS), a company dedicated to managing water resources, has announced a monthly cash dividend for its shareholders. The declared amount will be $0.02533 per common share, contributing to an annual dividend rate of $0.30396. This demonstrates the company’s commitment to delivering value to its investors.
Dividend Payment Schedule
This monthly dividend will be distributed on June 30 to those who hold shares as of June 16. By maintaining a consistent dividend payment, Global Water Resources reinforces its dedication to its shareholders and affirms its reliable financial standing.
Understanding Global Water Resources
Global Water Resources, Inc. stands out as a leader in the water management industry, operating 32 distinct systems that focus on delivering water, wastewater, and recycled water services. The operations are primarily concentrated in growth corridors, reflecting the company's strategic positioning to meet increasing demand.
Innovative Water Management Solutions
The company effectively recycles over 1 billion gallons of water annually, amounting to a remarkable total of 18.1 billion gallons since 2004. Through its Total Water Management (TWM) strategy, Global Water integrates the management of water cycles, resulting in enhanced efficiency and conservation efforts.
Recognition and Awards
Global Water Resources has received multiple accolades for its commitment to sustainable water practices. The company was honored nationally as a ‘Utility of the Future Today’, recognizing its exceptional water reuse methodologies in collaboration with a consortium of water organizations.
Excellence in Management Practices
Further underlining its successful management approaches, Global Water received the Cityworks’ Excellence in Departmental Practice Award, celebrating its innovative strategies in public asset management. The team’s creativity has had a significant impact on both day-to-day operations and long-term planning.
Contact Information
For any queries, stakeholders are encouraged to reach out directly. Michael Liebman serves as the CFO and Senior Vice President and can be contacted at (480) 999-5104. For investor relations, reach out to Ron Both or Grant Stude at (949) 432-7566.
Frequently Asked Questions
1. What is the amount of the declared monthly dividend?
The declared monthly dividend is $0.02533 per common share, which equates to an annual rate of $0.30396.
2. When will the dividend be paid?
The dividend will be payable on June 30 to shareholders on record as of June 16.
3. What is Total Water Management (TWM)?
TWM is an integrated approach used by Global Water to manage the entire water cycle, focusing on effective conservation and smart resource management.
4. How much water does Global Water recycle annually?
The company recycles over 1 billion gallons of water each year, showcasing its commitment to sustainable practices.
5. Who can be contacted for investor relations?
For investor inquiries, Ron Both or Grant Stude can be reached at (949) 432-7566.
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