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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Tuesday, November 19th,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 1.70%. The ex-dividend date is Thursday, January 2nd.

Consolidated Water has increased its dividend payment by an average of 1.9% per year over the last three years. Consolidated Water has a payout ratio of 31.4% 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 $0.44 annual dividend with an expected future payout ratio of 31.4%.

Consolidated Water Stock Performance

Consolidated Water stock opened at $25.82 on Tuesday. The firm has a market capitalization of $408.86 million, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.54 and a beta of 0.21. Consolidated Water has a one year low of $23.55 and a one year high of $36.19. The stock’s 50 day moving average price is $25.54 and its 200 day moving average price is $26.01.

About Consolidated Water

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.