Consolidated Water Co. Ltd. Declares Quarterly Dividend of $0.14 (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Thursday, August 28th. Investors of record on Wednesday, October 1st will be paid a dividend of 0.14 per share by the utilities provider on Friday, October 31st. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, October 1st.

Consolidated Water has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 1.0%

Shares of CWCO opened at $33.27 on Friday. The business’s 50 day moving average is $30.69 and its 200 day moving average is $27.62. The company has a market capitalization of $529.89 million, a PE ratio of 20.54 and a beta of 0.53. Consolidated Water has a 12-month low of $22.69 and a 12-month high of $34.26.

Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Monday, August 11th. The utilities provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.12. The firm had revenue of $33.59 million during the quarter, compared to analysts’ expectations of $32.75 million. Consolidated Water had a return on equity of 7.77% and a net margin of 12.24%. Equities research analysts predict that Consolidated Water will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Wall Street Zen upgraded Consolidated Water from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Roth Capital lifted their target price on Consolidated Water from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $40.00.

About Consolidated Water

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.