Global Water Resources Announces New Dividend Plan for Shareholders
Announcing the Monthly Dividend for Shareholders
Global Water Resources, Inc. (NASDAQ: GWRS), celebrated for its innovative approach to water management, has recently unveiled its decision to implement a monthly cash dividend policy. Set at $0.02533 per common share, this dividend signifies the company's commitment to providing value to its shareholders, aggregating to an impressive annual rate of $0.30396 per share.
Details of the Dividend Declaration
The upcoming dividend will be payable on February 28 to all shareholders recorded by the close of business on February 14. This initiative highlights Global Water Resources' robust financial health and growing market presence, ensuring rewards for investors committed to sustainable developments in water management.
Insights into Global Water Resources
Global Water Resources, Inc. stands out as a significant player in the community due to its impressive portfolio of managing water resources efficiently. The company operates across 32 systems which are integral to ensuring access to water, wastewater, and the recycled water necessary in contemporary urban environments. Situated primarily in growth corridors around metropolitan areas, its operations cater to an ever-demanding population for water sustainability.
Commitment to Sustainability
One remarkable aspect of Global Water's operations is its focus on recycling water, a valuable resource. Every year, the company remarkably recycles over 1 billion gallons of water, showcasing its long-term commitment to water conservation, with 17.4 billion gallons recycled since 2004. This not only aids the environment but positions Global Water as a pioneer in smart water management techniques.
Total Water Management Approach
The firm implements its distinct Total Water Management (TWM) strategy, an integrated method that ensures cohesive management of the water cycle. By owning and running water, wastewater, and recycled water utilities within localized areas, Global Water maximizes the use of reprocessed water effectively and efficiently. This modern approach enables the adoption of innovative technologies, such as remote metering and advanced rate structures, further encouraging conservation efforts amid increasing population pressures.
Award-Winning Practices
Global Water Resources' dedication to sustainable practices has not gone unnoticed. The company has received numerous accolades, including recognition from a consortium led by the Water Environment Federation (WEF) as a ‘Utility of the Future Today’ for its excellence in water reuse practices. Such acknowledgments reinforce the company’s leadership in the sector and its commitment to continuous improvement in water conservation methodologies.
Recognitions and Achievements
The company has also achieved the Cityworks’ Excellence in Departmental Practice Award, showcasing its adeptness at applying innovative asset management strategies. This award signifies Global Water’s ability to integrate sophisticated management approaches into its daily operations and long-term planning, demonstrating a consistent trajectory toward enhancement and excellence in service delivery.
Company's Future Outlook
With a rich history of effective water management, Global Water Resources continues to rise as a trusted entity in the industry. This dividend announcement not only reflects fiscal strength but also showcases a promising future that aligns with its growth philosophy of ensuring sustainable practices while catering to the needs of expanding metropolitan areas.
Contact Information
For those seeking further information regarding Global Water Resources, the company encourages interested parties to reach out to its financial contacts. Michael Liebman serves as the CFO and SVP, reachable at (480) 999-5104. Investor relations can also connect with Ron Both or Grant Stude at (949) 432-7566 for any inquiries about upcoming developments.
Frequently Asked Questions
What is the amount of the declared monthly dividend?
The declared monthly dividend is $0.02533 per common share.
When will the dividend be paid?
The dividend is payable on February 28 to holders of record as of February 14.
What is Total Water Management (TWM)?
TWM is an integrated approach that encompasses managing the entire water cycle through owning and operating utilities within the same region.
How much water has Global Water recycled since 2004?
Global Water has recycled a total of 17.4 billion gallons of water since 2004.
Who can I contact for more information about Global Water Resources?
Contact Michael Liebman, CFO, or the Investor Relations team for detailed inquiries.
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