Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Free Report) declared a quarterly dividend on Friday, June 5th. Investors of record on Wednesday, July 1st will be given a dividend of 0.14 per share by the utilities provider on Friday, July 31st. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, July 1st.
Consolidated Water has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Consolidated Water has a dividend payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Consolidated Water to earn $1.45 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 38.6%.
Consolidated Water Trading Down 0.5%
CWCO opened at $29.92 on Friday. The firm has a market cap of $478.72 million, a P/E ratio of 33.24 and a beta of 0.50. Consolidated Water has a 12 month low of $27.10 and a 12 month high of $39.12. The stock has a 50-day moving average of $31.98 and a 200 day moving average of $34.39.
Analyst Ratings Changes
Several research analysts recently commented on CWCO shares. Zacks Research lowered Consolidated Water from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Wall Street Zen lowered Consolidated Water from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings downgraded shares of Consolidated Water from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.00.
Read Our Latest Stock Report on Consolidated Water
Consolidated Water Company Profile
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.
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