Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Monday, August 20th, Zacks reports. Shareholders of record on Monday, October 1st will be given a dividend of 0.085 per share by the utilities provider on Wednesday, October 31st. This represents a $0.34 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, September 28th.

Consolidated Water has a payout ratio of 54.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Consolidated Water to earn $0.68 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 50.0%.

NASDAQ:CWCO opened at $13.95 on Thursday. The stock has a market capitalization of $212.42 million, a price-to-earnings ratio of 25.36, a PEG ratio of 2.82 and a beta of 0.71. Consolidated Water has a 12-month low of $11.20 and a 12-month high of $15.35.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, August 13th. The utilities provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The company had revenue of $15.87 million for the quarter, compared to analysts’ expectations of $15.70 million. Consolidated Water had a return on equity of 5.38% and a net margin of 11.46%. equities research analysts predict that Consolidated Water will post 0.63 earnings per share for the current year.

Several research analysts have recently weighed in on CWCO shares. Zacks Investment Research upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Thursday, August 16th. ValuEngine upgraded shares of Consolidated Water from a “hold” rating to a “buy” rating in a report on Friday, September 7th.

In other news, Director Raymond Whittaker sold 17,011 shares of the stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $14.20, for a total transaction of $241,556.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 2.53% of the company’s stock.

About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

See Also: Return on Equity (ROE)

Dividend History for Consolidated Water (NASDAQ:CWCO)

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