Consolidated Water Co. Ltd. (NASDAQ:CWCO) to Issue $0.14 Quarterly Dividend

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Monday, February 23rd. Investors of record on Wednesday, April 1st will be paid a dividend of 0.14 per share by the utilities provider on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, April 1st.

Consolidated Water has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Consolidated Water has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of CWCO stock traded down $0.24 during trading hours on Monday, hitting $36.85. The stock had a trading volume of 68,206 shares, compared to its average volume of 75,166. The firm has a market capitalization of $587.06 million, a PE ratio of 37.99 and a beta of 0.49. The stock’s 50 day moving average is $36.64 and its 200 day moving average is $34.99. Consolidated Water has a twelve month low of $22.69 and a twelve month high of $39.12.

Consolidated Water Company Profile

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.