Consolidated Water Co. Ltd. Declares Quarterly Dividend of $0.14 (NASDAQ:CWCO)

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Free Report) announced a quarterly dividend on Thursday, August 20th. Shareholders of record on Thursday, October 1st will be paid a dividend of 0.14 per share by the utilities provider on Friday, October 30th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 1st.

Consolidated Water has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Consolidated Water has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Consolidated Water to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 39.7%.

Consolidated Water Trading Down 0.7%

Shares of Consolidated Water stock traded down $0.20 during trading hours on Thursday, reaching $29.49. 63,825 shares of the company’s stock were exchanged, compared to its average volume of 114,978. The company has a 50 day moving average of $29.66 and a two-hundred day moving average of $32.18. Consolidated Water has a fifty-two week low of $28.17 and a fifty-two week high of $39.12. The stock has a market cap of $472.13 million, a P/E ratio of 35.53 and a beta of 0.51.

Consolidated Water (NASDAQ:CWCOGet Free Report) last announced its quarterly earnings data on Monday, August 10th. The utilities provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The company had revenue of $32.87 million during the quarter, compared to analysts’ expectations of $30.60 million. Consolidated Water had a return on equity of 7.23% and a net margin of 12.66%. As a group, analysts expect that Consolidated Water will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWCO. Caitong International Asset Management Co. Ltd lifted its stake in Consolidated Water by 1,467.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 768 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 719 shares during the last quarter. Quarry LP acquired a new position in Consolidated Water during the third quarter worth approximately $40,000. Kemnay Advisory Services Inc. acquired a new position in Consolidated Water during the fourth quarter worth approximately $51,000. Tower Research Capital LLC TRC raised its stake in Consolidated Water by 335.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock valued at $45,000 after buying an additional 1,165 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Consolidated Water by 382.7% in the fourth quarter. State of Alaska Department of Revenue now owns 2,317 shares of the utilities provider’s stock valued at $80,000 after buying an additional 1,837 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Company Profile

(Get Free Report)

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.

Further Reading

Dividend History for Consolidated Water (NASDAQ:CWCO)

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