Consolidated Water Co. Ltd. Announces Quarterly Dividend of $0.14 (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Friday, November 21st. Investors of record on Friday, January 2nd will be paid a dividend of 0.14 per share by the utilities provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, January 2nd.

Consolidated Water has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Consolidated Water has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Consolidated Water to earn $1.40 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 40.0%.

Consolidated Water Trading Up 2.5%

CWCO stock traded up $0.84 on Friday, hitting $33.99. The company had a trading volume of 98,813 shares, compared to its average volume of 117,968. Consolidated Water has a 12-month low of $22.69 and a 12-month high of $38.36. The stock has a market cap of $541.49 million, a price-to-earnings ratio of 35.04 and a beta of 0.51. The stock’s 50-day simple moving average is $34.68 and its 200 day simple moving average is $31.26.

Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Monday, November 10th. The utilities provider reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $35.12 million during the quarter, compared to analyst estimates of $32.90 million. Consolidated Water had a net margin of 12.24% and a return on equity of 7.77%. Research analysts forecast that Consolidated Water will post 1.27 earnings per share for the current year.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.