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Global Water Resources (TSX:GWR) affirms monthly dividend

Utility
TSX:GWR
31 August 2022 16:00 (EDT)

Global Water Resources (GWR) has affirmed its monthly cash dividend of $0.02458 per common share.

The dividend will be paid to security holders on September 30th.

The last dividend increase in October 2021 was almost 1 percent, from $0.02434 to $0.02458.

The company owns, operates, and manages 25 water systems, wastewater, and recycled water utilities. The company’s service areas are strategically located in communities mainly in and around metropolitan Phoenix, Arizona.

The company offers the Total Water Management (TWM) integrated approach for water conservation. TWM is an integrated approach to managing the entire water cycle that involves owning and operating water, wastewater and recycled water utilities within the same geographic area to maximize the beneficial use of recycled water. It enables smart water management programs such as remote metering infrastructure and other advanced technologies, rate designs, and incentives that result in natural conservation.

TWM helps protect water supplies in water-scarce areas experiencing population growth. Global Water recycles over 1 billion gallons of water annually.

Global Water Resources (GWR) is a pure-play water resource management company.

Global Water Resources (GWR) is up today, trading at C$18.13 as of Aug 31, 2022, 3:44pm ET.


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