Global Water Resources announced a monthly cash dividend of $0.02533 per share, payable June 30, 2025.
Quiver AI Summary
Global Water Resources, Inc. has announced a monthly cash dividend of $0.02533 per common share, payable on June 30, 2025, to shareholders of record as of June 16, 2025. The company, which specializes in water resource management, operates 32 systems providing water, wastewater, and recycled water services primarily in metropolitan Phoenix and Tucson. Global Water is noted for its commitment to Total Water Management, an approach that effectively utilizes recycled water and implements advanced conservation technologies. The company, recognized as a leader in the industry, has recycled over 1 billion gallons of water annually since 2004 and has received several awards, including a national designation as a 'Utility of the Future Today' for its innovative water reuse practices. For more information, visit their website.
Potential Positives
- Global Water Resources, Inc. has declared a monthly cash dividend of $0.02533 per share, indicating financial stability and a commitment to returning value to shareholders.
- The company has been recognized as a 'Utility of the Future Today,' highlighting its leadership and innovation in water reuse practices, which can enhance its reputation and market positioning.
- Global Water's effective implementation of Total Water Management (TWM) showcases its advanced approach to smart water management and resource conservation, which is increasingly relevant in water-scarce regions.
- Receiving awards such as the Cityworks’ Excellence in Departmental Practice Award reinforces the company's dedication to operational excellence and effective asset management strategies.
Potential Negatives
- The low dividend amount of $0.02533 per share may indicate limited cash flow or profitability, potentially raising concerns among investors about the company's financial health.
FAQ
What is the declared dividend amount for Global Water Resources?
Global Water Resources has declared a monthly cash dividend of $0.02533 per common share.
When will the dividend be payable?
The dividend will be payable on June 30, 2025.
Who qualifies for the dividend payment?
Holders of record at the close of business on June 16, 2025, will qualify for the dividend payment.
What is Total Water Management?
Total Water Management (TWM) is an integrated approach to managing the entire water cycle effectively.
Where does Global Water Resources operate?
Global Water Resources operates primarily in growth corridors around metropolitan Phoenix and Tucson.
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 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $GWRS stock by insiders over the last 6 months:
- JONATHAN L LEVINE purchased 1,187,200 shares for an estimated $11,872,000
- ANDREW M. COHN purchased 252,000 shares for an estimated $2,520,000
- STEVEN D. BRILL (VP of IT Operations) has made 2 purchases buying 15 shares for an estimated $176 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GWRS Hedge Fund Activity
We have seen 42 institutional investors add shares of $GWRS stock to their portfolio, and 37 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- HEARTLAND ADVISORS INC added 450,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $4,639,500
- HANDELSBANKEN FONDER AB added 155,000 shares (+11.3%) to their portfolio in Q1 2025, for an estimated $1,598,050
- NORTH STAR INVESTMENT MANAGEMENT CORP. added 108,500 shares (+46.3%) to their portfolio in Q1 2025, for an estimated $1,118,635
- KENNEDY CAPITAL MANAGEMENT LLC removed 94,853 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $977,934
- REDMOND ASSET MANAGEMENT, LLC added 90,000 shares (+202.3%) to their portfolio in Q1 2025, for an estimated $927,900
- HUDSON BAY CAPITAL MANAGEMENT LP added 87,770 shares (+inf%) to their portfolio in Q1 2025, for an estimated $904,908
- ROYCE & ASSOCIATES LP removed 75,956 shares (-71.7%) from their portfolio in Q1 2025, for an estimated $783,106
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PHOENIX, May 30, 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 June 30, 2025, to holders of record at the close of business on June 16, 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 service. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson. Global Water recycles over 1 billion gallons of water annually with 18.1 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: | Investor Relations Contact: |
| Michael Liebman | Ron Both or Grant Stude |
| CFO and SVP | CMA |
| Tel (480) 999-5104 | Tel (949) 432-7566 |
| Email Contact | Email contact |
