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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Friday, June 5th. Investors of record on Wednesday, July 1st will be paid a dividend of 0.14 per share by the utilities provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

Consolidated Water has increased its dividend payment by an average of 0.1%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% meaning its dividend is sufficiently covered by earnings. Research analysts expect Consolidated Water to earn $1.45 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 38.6%.

Consolidated Water Stock Down 0.5%

NASDAQ CWCO traded down $0.14 during trading on Friday, hitting $29.92. The stock had a trading volume of 68,914 shares, compared to its average volume of 122,396. The company has a market capitalization of $478.72 million, a PE ratio of 33.24 and a beta of 0.50. The firm has a 50 day moving average price of $32.03 and a 200 day moving average price of $34.42. Consolidated Water has a twelve month low of $27.10 and a twelve month high of $39.12.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Monday, May 11th. The utilities provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $29.97 million during the quarter, compared to analyst estimates of $31.90 million. Consolidated Water had a net margin of 13.50% and a return on equity of 7.81%. On average, sell-side analysts anticipate that Consolidated Water will post 0.97 earnings per share for the current year.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.