PHOENIX, AZ, July 28, 2015 /CNW/ - GWR Global Water
Resources Corp. (the "Company") (TSX: GWR) today announced that the
Company's Board of Directors has declared a special cash dividend
of CAD $1.55 per share. The special
dividend is payable on August 12,
2015 to shareholders of record as of the close of business
on August 7, 2015.
"The decision to declare this one-time special dividend is a
validation of the progress we have made implementing our strategic
plan since 2012 and is an appropriate return of capital to our
shareholders that have supported the Company along the way," stated
Ron Fleming, President and CEO of
Global Water. "The ongoing phase-in of new rates, the payoff of a
portion of our debt and the disposition of non-core assets has
significantly strengthened our financial position. Coupled with
steadily increasing active service connections, we will continue to
recognize strong revenue growth and the ability to return
consistent shareholder value beyond this one-time special
dividend."
The special cash dividend is being made as a result of the
one-time, non-recurring dividend declared by Global Water
Resources, Inc. The Company owns a 48.1% interest in Global
Water Resources, Inc.
About GWR Global Water Resources Corp.
The Company was incorporated in British Columbia to acquire shares of U.S.
based Global Water Resources, Inc. ("Global Water") and to actively
participate in the management, business and operations of Global
Water through its representation on the board of directors of
Global Water and its shared management of Global Water.
About Global Water
Global Water is a pure-play, high-growth water resources company
located in Phoenix, Arizona, that
owns and operates regulated water, wastewater and recycled water
utilities in the metropolitan Phoenix area.
SOURCE GWR Global Water Resources Corp.