Consolidated Water Co. Ltd. Declares Quarterly Dividend of $0.11 (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Wednesday, February 26th, RTT News reports. Investors of record on Tuesday, April 1st will be given a dividend of 0.11 per share by the utilities provider on Wednesday, April 30th. This represents a $0.44 dividend on an annualized basis and a yield of 1.60%.

Consolidated Water has increased its dividend payment by an average of 6.4% per year over the last three years. Consolidated Water has a payout ratio of 27.2% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NASDAQ CWCO opened at $27.54 on Thursday. The stock’s fifty day moving average price is $26.30 and its two-hundred day moving average price is $25.97. Consolidated Water has a one year low of $23.55 and a one year high of $33.34. The firm has a market cap of $436.10 million, a price-to-earnings ratio of 17.00, a P/E/G ratio of 2.44 and a beta of 0.22.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 271,995 shares of the company’s stock, valued at $7,615,860. This represents a 0.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 5.87% of the company’s stock.

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.