Global Water Resources, Inc. Increases Monthly Cash Dividend, Payable on December 28, 2023
November 30, 2023 at 08:31 am EST
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Global Water Resources, Inc. has increased its dividend by 1% and has declared under its dividend policy an increased monthly cash dividend in the amount of $0.02508 per common share. The increased monthly distribution represents a new annualized dividend rate of $0.30096 per share, an increase of $0.003 per share from the previous annual rate of $0.29796 per share. The dividend will be payable on December 28, 2023, to holders of record at the close of business on December 14, 2023.
Global Water Resources, Inc. is a water resource management company. It owns, operates, and manages 29 water, wastewater, and recycled water systems in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. It seeks to deploy an integrated approach, referred to as Total Water Management. Total Water Management is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and communities both environmentally and economically. It treats water to potable standards and also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are derived from groundwater. It serves more than 82,000 people in over 32,000 homes within its 408 square miles of certificated service areas. It provides water and wastewater utility services under the regulatory authority of the Arizona Corporation Commission.
GLOBAL WATER RESOURCES, INC. 
