Consolidated Water Co. Ltd. (CWCO) to Issue Quarterly Dividend of $0.10 on April 30th

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Free Report) announced a quarterly dividend on Tuesday, February 20th, Zacks reports. Investors of record on Monday, April 1st will be paid a dividend of 0.095 per share by the utilities provider on Tuesday, April 30th. This represents a $0.38 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 28th.

Consolidated Water has raised its dividend payment by an average of 1.9% per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Consolidated Water has a payout ratio of 23.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Consolidated Water to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 30.6%.

Consolidated Water Price Performance

Shares of NASDAQ CWCO opened at $29.74 on Tuesday. Consolidated Water has a 52-week low of $14.41 and a 52-week high of $38.29. The business has a fifty day moving average of $30.28 and a two-hundred day moving average of $31.73.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CWCO. Money Concepts Capital Corp acquired a new stake in Consolidated Water during the 4th quarter valued at $28,000. Ameritas Investment Partners Inc. bought a new position in shares of Consolidated Water in the second quarter valued at about $30,000. Wells Fargo & Company MN lifted its position in Consolidated Water by 27.7% during the 4th quarter. Wells Fargo & Company MN now owns 3,122 shares of the utilities provider’s stock worth $46,000 after buying an additional 677 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Consolidated Water by 2,719.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 3,045 shares of the utilities provider’s stock worth $47,000 after acquiring an additional 2,937 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Consolidated Water in the 1st quarter valued at about $54,000. Institutional investors own 55.16% of the company’s stock.

Consolidated Water Company Profile

(Get Free Report)

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.

See Also

Dividend History for Consolidated Water (NASDAQ:CWCO)

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