Consolidated Water Co. Ltd. (CWCO) to Issue Quarterly Dividend of $0.11 on April 30th

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Tuesday, February 18th, 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 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Tuesday, April 1st.

Consolidated Water has increased its dividend payment by an average of 6.4% annually over the last three years. Consolidated Water has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. 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

Consolidated Water stock opened at $24.45 on Friday. Consolidated Water has a 12 month low of $23.55 and a 12 month high of $30.32. The company has a fifty day moving average price of $26.82 and a two-hundred day moving average price of $25.99. The company has a market cap of $388.14 million, a PE ratio of 15.09, a P/E/G ratio of 2.44 and a beta of 0.19.

Insider Activity at Consolidated Water

In other Consolidated Water 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 value of $56,000.00. Following 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.87% of the company’s stock.

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.