Global Water Resources announced a monthly cash dividend of $0.02533 per share, payable February 28, 2025.
Quiver AI Summary
Global Water Resources, Inc. has announced a monthly cash dividend of $0.02533 per common share, amounting to an annual rate of $0.30396 per share, payable on February 28, 2025, to shareholders recorded by February 14, 2025. The company, which specializes in water resource management, operates 32 systems primarily around metropolitan Phoenix and recycles over 1 billion gallons of water each year. Recognized for its Total Water Management approach, Global Water integrates water, wastewater, and recycled water utilities to enhance conservation efforts, especially in rapidly growing, water-scarce regions. The company has received several industry accolades, including recognition as a 'Utility of the Future Today' for its innovative water reuse practices.
Potential Positives
- Global Water Resources has declared a monthly cash dividend, indicating financial stability and a commitment to returning value to shareholders.
- The company operates in growth corridors around metropolitan Phoenix, positioning itself favorably for continued expansion in a water-scarce region.
- Global Water's recognition as a 'Utility of the Future Today' highlights its leadership in water reuse practices, enhancing its reputation in the industry.
- The implementation of Total Water Management (TWM) demonstrates the company's innovative approach to sustainable water conservation and management, which can attract environmentally conscious investors and customers.
Potential Negatives
- Declaring a monthly cash dividend of $0.02533 per share may indicate limited cash flow or profitability, raising concerns among investors about the company's long-term financial health.
FAQ
What is the new dividend amount declared by Global Water Resources?
The new monthly cash dividend declared is $0.02533 per common share.
When will the dividend be payable?
The dividend will be payable on February 28, 2025.
Who is eligible to receive the dividend?
Holders of record at the close of business on February 14, 2025, are eligible to receive the dividend.
What services does Global Water Resources provide?
Global Water Resources provides water, wastewater, and recycled water services primarily around metropolitan Phoenix.
What is Total Water Management (TWM)?
Total Water Management is an integrated approach to managing the entire water cycle, maximizing the use of recycled water.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GWRS Insider Trading Activity
$GWRS insiders have traded $GWRS stock on the open market 6 times in the past 6 months. Of those trades, 5 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $GWRS stock by insiders over the last 6 months:
- SUZANNE MICHELLE KITTS (Vice President and Controller) sold 1,513 shares for an estimated $18,572
- CHRISTOPHER D KRYGIER (Chief Operating Officer) has made 2 purchases buying 1,258 shares for an estimated $14,999 and 0 sales.
- STEVEN D. BRILL (VP of IT Operations) has made 3 purchases buying 26 shares for an estimated $315 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GWRS Hedge Fund Activity
We have seen 28 institutional investors add shares of $GWRS stock to their portfolio, and 29 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- POLAR ASSET MANAGEMENT PARTNERS INC. removed 70,748 shares (-8.5%) from their portfolio in Q3 2024, for an estimated $890,717
- KENNEDY CAPITAL MANAGEMENT LLC removed 39,088 shares (-25.1%) from their portfolio in Q3 2024, for an estimated $492,117
- GOLDMAN SACHS GROUP INC added 35,428 shares (+108.2%) to their portfolio in Q3 2024, for an estimated $446,038
- WESBANCO BANK INC added 31,000 shares (+inf%) to their portfolio in Q4 2024, for an estimated $356,500
- JANE STREET GROUP, LLC removed 19,444 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $244,799
- MORGAN STANLEY added 18,961 shares (+33.9%) to their portfolio in Q3 2024, for an estimated $238,718
- CITADEL ADVISORS LLC added 15,605 shares (+172.2%) to their portfolio in Q3 2024, for an estimated $196,466
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PHOENIX, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, has declared under its dividend policy a monthly cash dividend in the amount of $0.02533 per common share (an annual dividend rate of $0.30396 per share).
The dividend will be payable on February 28, 2025, to holders of record at the close of business on February 14, 2025.
About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. Global Water recycles over 1 billion gallons of water annually with 17.4 billion gallons recycled since 2004.
The company has been recognized for its highly effective implementation of Total Water Management (TWM). 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 in order 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 real conservation. TWM helps protect water supplies in water-scarce areas experiencing population growth.
Global Water has received numerous industry awards, including national recognition as a ‘Utility of the Future Today’ for its superior water reuse practices by a national consortium of water and conservation organizations led by the Water Environment Federation (WEF). The company also received Cityworks’ Excellence in Departmental Practice Award for demonstrating leadership and creativity in applying public asset management strategies to daily operations and long-term planning.
To learn more, visit www.gwresources.com .
Company Contact:
Michael Liebman
CFO and SVP
Tel (480) 999-5104
Email Contact
Investor Relations Contact:
Ron Both or Grant Stude
CMA
Tel (949) 432-7566
Email contact