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PHOENIX - Global Water Resources, Inc. (NASDAQ: GWRS), a company specializing in water resource management, has announced a monthly cash dividend of $0.02533 per common share, which equates to an annual rate of $0.30396 per share. This dividend is set to be paid on May 30, 2025, to shareholders who are on record as of May 16, 2025. According to InvestingPro data, the company has maintained an impressive track record of raising dividends for 9 consecutive years, with the current yield standing at 2.9%.
The company, which operates 32 systems providing water, wastewater, and recycled water services, is primarily focused on serving the growth corridors around metropolitan Phoenix and Tucson. With a market capitalization of $288 million and impressive gross profit margins of 74%, Global Water Resources is known for recycling over 1 billion gallons of water each year, with a cumulative total of 17.7 billion gallons since 2004.
Global Water’s approach to water management involves a strategy called Total Water Management (TWM), which emphasizes the management of the entire water cycle. TWM integrates the operation of water, wastewater, and recycled water utilities within the same geographic area to maximize the use of recycled water and includes smart water management programs that leverage technologies like remote metering infrastructure.
The company’s efforts in sustainable water management have not gone unnoticed. It has been honored as a ’Utility of the Future Today’ by a consortium of water and conservation organizations led by the Water Environment Federation (WEF) for its advanced water reuse practices. Additionally, Global Water received the Cityworks Excellence in Departmental Practice Award for its application of public asset management strategies.
This dividend declaration is part of Global Water Resources’ commitment to return value to its shareholders while continuing to focus on sustainable water management practices in water-scarce regions experiencing population growth. While analysts have set price targets ranging from $13 to $18, InvestingPro analysis suggests the stock is currently trading above its Fair Value. For detailed insights and additional ProTips about GWRS, including comprehensive valuation metrics and financial health scores, investors can access the full Pro Research Report, available exclusively on InvestingPro.
In other recent news, Global Water Resources announced the approval of new water rates for its subsidiary in Pima County, Arizona, expected to increase annual revenue by approximately $1.1 million. This rate hike will be phased over a year, with increments scheduled for May and November 2025, and May 2026. Additionally, the Arizona Corporation Commission approved the deferral of a $3 million acquisition premium recovery related to the purchase of GW-Farmers. Global Water Resources also declared a monthly cash dividend of $0.02533 per share, equating to an annual rate of $0.30396 per share, payable to shareholders by the end of April 2025. The company has set the pricing for its underwritten public stock offering at $10 per share, aiming to raise approximately $28 million. Roth Capital Partners and Janney Montgomery Scott are underwriting this offering, which will support acquisitions and general corporate purposes. Furthermore, Global Water Resources filed applications for water and wastewater rate increases for two subsidiaries, potentially boosting annual revenue by about $6.5 million, pending approval. These developments reflect Global Water Resources’ ongoing efforts to enhance its financial and operational standing.
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