Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Free Report) announced a quarterly dividend on Tuesday, August 20th, Zacks reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.11 per share by the utilities provider on Thursday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Tuesday, October 1st. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10.
Consolidated Water has raised its dividend payment by an average of 1.9% per year over the last three years. Consolidated Water has a payout ratio of 29.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Consolidated Water to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 29.9%.
Consolidated Water Stock Up 2.1 %
NASDAQ CWCO opened at $25.17 on Friday. The firm’s fifty day moving average price is $26.81 and its two-hundred day moving average price is $26.67. Consolidated Water has a fifty-two week low of $23.70 and a fifty-two week high of $38.29.
Consolidated Water Company Profile
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.
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