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

Consolidated Water Co. Ltd. (NASDAQ:CWCO) declared a quarterly dividend on Monday, February 23rd. Investors of record on Wednesday, April 1st will be paid 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 of this dividend is Wednesday, April 1st.

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

NASDAQ CWCO traded down $0.24 during mid-day trading on Monday, reaching $36.85. 68,206 shares of the stock were exchanged, compared to its average volume of 75,166. The business’s fifty day simple moving average is $36.64 and its 200 day simple moving average is $34.99. The stock has a market capitalization of $587.06 million, a PE ratio of 37.99 and a beta of 0.49. Consolidated Water has a 1-year low of $22.69 and a 1-year high of $39.12.

Insiders Place Their Bets

In other Consolidated Water news, Director Wilmer F. Pergande sold 4,299 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $33.75, for a total transaction of $145,091.25. Following the completion of the sale, the director owned 31,884 shares of the company’s stock, valued at approximately $1,076,085. The trade was a 11.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.25% of the company’s stock.

Hedge Funds Weigh In On Consolidated Water

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Consolidated Water by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock worth $34,114,000 after purchasing an additional 13,951 shares during the period. AltraVue Capital LLC grew its stake in Consolidated Water by 2.1% during the third quarter. AltraVue Capital LLC now owns 709,810 shares of the utilities provider’s stock worth $25,042,000 after buying an additional 14,400 shares during the period. JPMorgan Chase & Co. increased its position in shares of Consolidated Water by 18.9% in the second quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock worth $19,134,000 after acquiring an additional 101,434 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Consolidated Water by 1.1% in the second quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock worth $13,021,000 after acquiring an additional 4,711 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Consolidated Water by 6.9% in the 3rd quarter. Invesco Ltd. now owns 315,962 shares of the utilities provider’s stock valued at $11,147,000 after acquiring an additional 20,264 shares during the period. 55.16% of the stock is owned by institutional investors and hedge funds.

About Consolidated Water

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.