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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Friday, November 21st. Shareholders of record on Friday, January 2nd will be given a dividend of 0.14 per share by the utilities provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, January 2nd.

Consolidated Water has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Consolidated Water has a dividend payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Consolidated Water stock traded up $0.84 during mid-day trading on Friday, reaching $33.99. 98,813 shares of the company traded hands, compared to its average volume of 117,968. Consolidated Water has a 52-week low of $22.69 and a 52-week high of $38.36. The firm has a market capitalization of $541.49 million, a price-to-earnings ratio of 35.04 and a beta of 0.51. The firm’s 50 day moving average price is $34.68 and its 200 day moving average price is $31.26.

Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. Consolidated Water had a net margin of 12.24% and a return on equity of 7.77%. The firm had revenue of $35.12 million during the quarter, compared to analysts’ expectations of $32.90 million. On average, sell-side analysts anticipate that Consolidated Water will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on CWCO shares. Roth Capital lifted their price objective on Consolidated Water from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings upgraded Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Consolidated Water presently has an average rating of “Buy” and an average price target of $40.00.

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.