Consolidated Water Co. Ltd. Announces Quarterly Dividend of $0.09 (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Thursday, January 2nd will be given a dividend of 0.085 per share by the utilities provider on Friday, January 31st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Tuesday, December 31st.

Shares of CWCO traded up $0.06 during trading hours on Wednesday, reaching $16.53. 52,581 shares of the company traded hands, compared to its average volume of 49,326. The company has a quick ratio of 12.89, a current ratio of 13.45 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $250.66 million, a PE ratio of 24.31, a price-to-earnings-growth ratio of 3.53 and a beta of 0.54. Consolidated Water has a fifty-two week low of $10.76 and a fifty-two week high of $17.87. The stock has a fifty day simple moving average of $16.60 and a 200 day simple moving average of $15.06.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Tuesday, November 12th. The utilities provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). Consolidated Water had a return on equity of 5.66% and a net margin of 18.56%. The business had revenue of $15.89 million for the quarter, compared to analysts’ expectations of $17.95 million. Research analysts predict that Consolidated Water will post 0.59 EPS for the current fiscal year.

Several equities analysts recently weighed in on CWCO shares. Janney Montgomery Scott reiterated a “buy” rating on shares of Consolidated Water in a research report on Tuesday, August 13th. BidaskClub upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, ValuEngine downgraded Consolidated Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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Dividend History for Consolidated Water (NASDAQ:CWCO)

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