Consolidated Water Co. Ltd. (CWCO) To Go Ex-Dividend on April 1st

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Monday, February 23rd. Stockholders of record on Wednesday, April 1st will be given a dividend of 0.14 per share by the utilities provider on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, April 1st.

Consolidated Water has decreased its dividend payment by an average of 0.0%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% indicating that 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 $0.56 annual dividend with an expected future payout ratio of 40.0%.

Consolidated Water Stock Up 1.2%

Shares of Consolidated Water stock opened at $37.29 on Wednesday. The company has a 50 day moving average price of $36.66 and a 200 day moving average price of $35.05. The firm has a market capitalization of $594.03 million, a P/E ratio of 38.44 and a beta of 0.49. Consolidated Water has a 52 week low of $22.69 and a 52 week high of $39.12.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CWCO shares. Wall Street Zen upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Consolidated Water in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Consolidated Water currently has an average rating of “Buy” and an average price target of $40.00.

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.