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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Thursday, December 3rd, Zacks reports. Shareholders of record on Monday, January 4th will be given a dividend of 0.085 per share by the utilities provider on Monday, February 1st. This represents a $0.34 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Thursday, December 31st.

Consolidated Water has increased its dividend payment by 13.3% over the last three years and has increased its dividend every year for the last 1 years. Consolidated Water has a payout ratio of 91.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Consolidated Water to earn $0.56 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 60.7%.

Shares of Consolidated Water stock opened at $12.00 on Wednesday. Consolidated Water has a twelve month low of $10.01 and a twelve month high of $18.83. The stock has a market capitalization of $181.48 million, a P/E ratio of 21.43, a PEG ratio of 2.62 and a beta of 0.28. The business’s fifty day moving average price is $11.49 and its 200 day moving average price is $11.93.

Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings data on Tuesday, November 17th. The utilities provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.06). The company had revenue of $17.67 million for the quarter, compared to analyst estimates of $19.15 million. Consolidated Water had a return on equity of 4.79% and a net margin of 6.64%. As a group, analysts predict that Consolidated Water will post 0.56 EPS for the current fiscal year.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and treatment plants 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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