Consolidated Water Co. Ltd. (CWCO) To Go Ex-Dividend on July 1st

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Free Report) declared a quarterly dividend on Tuesday, June 2nd. 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 raised its dividend 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 Performance

Shares of NASDAQ CWCO opened at $29.49 on Monday. The company has a market cap of $471.84 million, a P/E ratio of 32.77 and a beta of 0.51. The firm’s fifty day moving average is $30.76 and its two-hundred day moving average is $33.94. Consolidated Water has a 52-week low of $28.17 and a 52-week high of $39.12.

Consolidated Water (NASDAQ:CWCOGet Free Report) last announced its quarterly earnings results on Monday, May 11th. The utilities provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $29.97 million during the quarter, compared to analysts’ expectations of $31.90 million. Consolidated Water had a return on equity of 7.81% and a net margin of 13.50%. As a group, analysts forecast that Consolidated Water will post 0.97 EPS for the current fiscal year.

About Consolidated Water

(Get Free Report)

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.

Recommended Stories

Dividend History for Consolidated Water (NASDAQ:CWCO)

Receive News & Ratings for Consolidated Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consolidated Water and related companies with MarketBeat.com's FREE daily email newsletter.