Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get 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.
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.
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