PHOENIX, June 28, 2016 /CNW/ - Global Water
Resources, Inc. (GWRS) (the "Company") announced today that
its board of directors declared, under its dividend policy, a
monthly cash dividend on the common shares of the Company (the
"Shares") in the amount of $0.022 per
Share (an annualized amount of $0.264 per Share), which will be payable on
July 29, 2016, to holders of record
at the close of business on July 15,
2016. The dividend payment reflects an increase in the
annual dividend of $0.024, or
10%.
"This dividend increase reflects our ongoing commitment to
increasing shareholder value," said Ron
Fleming, President and CEO of Global Water. "Over the past
year, we've completed many strategic initiatives, including a U.S.
IPO and refinancing the Company's outstanding debt.
Completing these initiatives allowed us to review our dividend
policy and make this 10% increase. Moving forward, we are committed
to further value creation by pursuing EBITDA growth, making
targeted investments, and periodically reviewing our dividend
policy."
About Global Water
Global Water Resources, Inc. is a
water resource management company located in Phoenix, Arizona, that owns and operates
regulated water, wastewater and recycled water utilities in the
metropolitan Phoenix area.
SOURCE Global Water Resources Inc.