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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Wednesday, February 26th, RTT News reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.11 per share by the utilities provider on Wednesday, April 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.61%.

Consolidated Water has raised its dividend payment by an average of 6.4% per year over the last three years. Consolidated Water has a payout ratio of 27.2% 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 $0.44 annual dividend with an expected future payout ratio of 31.4%.

Consolidated Water Price Performance

NASDAQ CWCO traded down $0.18 during trading hours on Wednesday, hitting $27.40. 38,903 shares of the company’s stock traded hands, compared to its average volume of 77,172. The firm’s 50-day moving average is $26.24 and its 200-day moving average is $25.96. Consolidated Water has a 52-week low of $23.55 and a 52-week high of $33.34. The company has a market capitalization of $433.88 million, a PE ratio of 16.91, a PEG ratio of 2.44 and a beta of 0.22.

Insiders Place Their Bets

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the sale, the chief executive officer now directly owns 271,995 shares of the company’s stock, valued at $7,615,860. This trade represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.87% of the stock is owned by company insiders.

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.