Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Free Report) announced a quarterly dividend on Wednesday, May 29th, Zacks reports. Shareholders of record on Monday, July 1st will be paid a dividend of 0.095 per share by the utilities provider on Wednesday, July 31st. This represents a $0.38 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Monday, July 1st.
Consolidated Water has increased its dividend payment by an average of 1.9% annually over the last three years. Consolidated Water has a dividend payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Consolidated Water to earn $1.54 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 24.7%.
Consolidated Water Stock Performance
CWCO opened at $26.54 on Friday. Consolidated Water has a 52 week low of $19.07 and a 52 week high of $38.29. The business has a fifty day simple moving average of $26.48 and a 200-day simple moving average of $29.12.
Insiders Place Their Bets
In other news, Director Clarence B. Flowers sold 2,700 shares of Consolidated Water stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $25.04, for a total value of $67,608.00. Following the completion of the transaction, the director now owns 300,500 shares in the company, valued at approximately $7,524,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.87% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, May 10th.
Get Our Latest Report on Consolidated Water
Consolidated Water Company Profile
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.
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