Consolidated Water Co. Ltd. (CWCO) To Go Ex-Dividend on October 1st

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, October 1st will be paid a dividend of 0.14 per share by the utilities provider on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st.

Consolidated Water has increased its dividend by an average of 0.1%annually 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. Analysts expect Consolidated Water to earn $1.41 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 39.7%.

Consolidated Water Stock Down 0.1%

Shares of NASDAQ CWCO opened at $29.46 on Friday. Consolidated Water has a 12 month low of $28.17 and a 12 month high of $39.12. The company has a market cap of $471.74 million, a price-to-earnings ratio of 35.49 and a beta of 0.51. The business has a fifty day simple moving average of $29.64 and a 200-day simple moving average of $32.11.

Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings results on Monday, August 10th. The utilities provider reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $32.87 million for the quarter, compared to analysts’ expectations of $30.60 million. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%. As a group, sell-side analysts expect that Consolidated Water will post 0.96 EPS for the current fiscal year.

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.