Global Water Resources (GWRS) Raises Monthly Dividend 2.5% to $0.02306; 3.1% Yield
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Global Water Resources Reports First Quarter 2017 Results and Declares Increased Monthly Dividend
May 10, 2017 7:00 AM EDTPHOENIX, May 10, 2017 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, reported results for the first quarter ended March 31, 2017.
Q1 2017 Highlights
Revenue remained constant at $6.8 million compared to the same period in 2016. However, Adjusted Revenue (which adjusts for the Willow Valley disposition) was up 3.1% from the same period in 2016, driven by an increase in active connections and approved rate increases;Total active connections increased 3.4% to 37,687 at March 31, 2017 from 36,465 at March... More