PHOENIX, Nov. 30, 2022 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ:GWRS), (TSX:GWR), a pure-play water resource management company, has declared, under its dividend policy, a monthly cash dividend increase of 1% to $0.29791 on an annualized basis. This equates to a monthly dividend of $0.02483.

The first dividend at the new monthly rate will be paid on December 29, 2022, to holders of record at the close of business on December 15, 2022.

About Global Water Resources

Global Water Resources, Inc. is a leading water resource management company that owns and operates 25 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.

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. To learn more, visit www.gwresources.com.

Company Contact:

Michael Liebman

CFO and SVP

Tel (480) 999-5104

mike.liebman@gwresources.com

Investor Relations Contact:

Ron Both or Grant Stude

CMA

Tel (949) 432-7566

Email contact

Media & ESG Contact:

Tim Randall

CMA

Tel (949) 432-7572

Email Contact

Global Water Resources Increases and Declares Monthly Dividend