Consolidated Water Co. Ltd. (CWCO) To Go Ex-Dividend on January 2nd

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Tuesday, November 26th,Wall Street Journal reports. Stockholders of record on Thursday, January 2nd will be paid a dividend of 0.11 per share by the utilities provider on Friday, January 31st. This represents a $0.44 annualized dividend and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, January 2nd.

Consolidated Water has raised its dividend by an average of 1.9% annually over the last three years. Consolidated Water has a payout ratio of 31.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Consolidated Water to earn $1.42 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 31.0%.

Consolidated Water Trading Up 1.7 %

Shares of CWCO stock opened at $27.07 on Thursday. Consolidated Water has a 1-year low of $23.55 and a 1-year high of $38.29. The firm’s 50-day simple moving average is $25.31 and its 200-day simple moving average is $26.27.

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.