Global Water Resources Announces Monthly Dividend for Shareholders
In a significant move for its investors, Global Water Resources, Inc. (NASDAQ: GWRS) has officially declared a monthly cash dividend of $0.02508 per common share, indicating a reliable annualized rate of $0.30096 per share. This announcement is indicative of the company's dedication to maintaining consistent returns for its stakeholders.
Details of the Dividend Payment
The dividend will be distributed on November 27 to all registered shareholders as of November 13, ensuring that those invested in the company benefit from this monthly offering.
Understanding Global Water Resources, Inc.
Global Water Resources is recognized as a forerunner in the field of water resource management. With a robust portfolio consisting of 32 systems, the company excels in providing essential services including water supply, wastewater treatment, and recycled water services. Most of its operations are strategically established in key growth corridors, particularly around metropolitan Phoenix.
Sustainability and Effective Water Management
One of the standout features of Global Water Resources is its exemplary efforts in water recycling, boasting the recycling of over 1 billion gallons annually, culminating in a remarkable total of 17 billion gallons recycled since the beginning of its operations.
Total Water Management Approach
The company has developed a pioneering concept known as Total Water Management (TWM), which integrates various aspects of water utility management. By owning and operating multiple types of water utilities in a single geographic area, TWM fosters the optimal use of recycled water. This approach encompasses the implementation of advanced technologies such as remote metering infrastructure, innovative rate designs, and conservation incentives.
Industry Recognition and Awards
Global Water Resources has garnered numerous accolades for its commitment to effective water management. Notably, it has been honored as a 'Utility of the Future Today' for its outstanding water reuse initiatives, a recognition awarded by a consortium led by the Water Environment Federation (WEF). Furthermore, the company received the Excellence in Departmental Practice Award from Cityworks, demonstrating leadership in public asset management.
Connecting with Global Water Resources
For those looking to delve deeper into the company’s innovative practices or its dedication to sustainability, more information can be found on their official website, although the link has been omitted for privacy. Moreover, interested parties can reach out to the company directly for queries or further information.
Contact Information
Michael Liebman, the CFO and SVP, is available for inquiries at (480) 999-5104. For investor relations, Ron Both or Grant Stude can be contacted at CMA Investor Relations by calling (949) 432-7566.
Frequently Asked Questions
What is the amount of the declared dividend by Global Water Resources?
The declared monthly cash dividend is $0.02508 per common share.
When is the dividend payment scheduled?
The dividend will be payable on November 27 to shareholders of record by November 13.
How does Global Water Resources contribute to sustainability?
Global Water Resources emphasizes recycling, processing over 1 billion gallons of water annually and employing advanced management strategies.
What is Total Water Management (TWM)?
TWM is an integrated approach by Global Water for managing water resources efficiently and maximizing the use of recycled water.
Who can be contacted for more information about the company?
Michael Liebman, CFO, and SVP at (480) 999-5104, is available for direct inquiries.
