Consolidated Water Co. Ltd. Plans Quarterly Dividend of $0.11 (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Tuesday, November 26th,Wall Street Journal reports. Investors of record on Thursday, January 2nd will be paid a dividend of 0.11 per share by the utilities provider on Friday, January 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Thursday, January 2nd.

Consolidated Water has raised its dividend payment by an average of 1.9% annually over the last three years. Consolidated Water has a payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Consolidated Water to earn $1.42 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 31.0%.

Consolidated Water Price Performance

NASDAQ:CWCO traded down $0.24 during trading hours on Tuesday, reaching $26.61. The company’s stock had a trading volume of 50,545 shares, compared to its average volume of 119,508. The firm has a 50-day simple moving average of $25.30 and a 200-day simple moving average of $26.27. Consolidated Water has a 1 year low of $23.55 and a 1 year 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.