Consolidated Water Co. Ltd. Announces 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 annualized dividend and a yield of 1.60%.

Consolidated Water has raised its dividend by an average of 6.4% annually over the last three years. Consolidated Water has a payout ratio of 27.2% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 0.1 %

NASDAQ:CWCO opened at $27.54 on Thursday. The firm has a market capitalization of $436.10 million, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.44 and a beta of 0.22. Consolidated Water has a twelve month low of $23.55 and a twelve month high of $33.34. The stock’s 50-day simple moving average is $26.30 and its 200 day simple moving average is $25.97.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the transaction, the chief executive officer now directly owns 271,995 shares in the company, valued at approximately $7,615,860. This trade represents a 0.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate 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.