Consolidated Water Co. Ltd. (NASDAQ:CWCO) Declares Quarterly Dividend of $0.09

Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Rating) declared a quarterly dividend on Tuesday, November 22nd, Zacks reports. Stockholders of record on Tuesday, January 3rd will be paid a dividend of 0.085 per share by the utilities provider on Tuesday, January 31st. This represents a $0.34 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, December 30th.

Consolidated Water has a dividend payout ratio of 38.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Consolidated Water to earn $0.89 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 38.2%.

Consolidated Water Trading Down 0.3 %

Shares of CWCO stock opened at $15.03 on Wednesday. Consolidated Water has a twelve month low of $9.01 and a twelve month high of $20.58. The stock has a 50 day moving average of $16.89 and a 200 day moving average of $15.35.

Insider Activity

In related news, Director Clarence B. Flowers sold 3,430 shares of the business’s stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $16.46, for a total value of $56,457.80. Following the completion of the sale, the director now owns 300,476 shares of the company’s stock, valued at approximately $4,945,834.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.58% of the company’s stock.

Institutional Investors Weigh In On Consolidated Water

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in shares of Consolidated Water by 2,719.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,045 shares of the utilities provider’s stock valued at $47,000 after acquiring an additional 2,937 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Consolidated Water in the 1st quarter valued at $54,000. Two Sigma Investments LP purchased a new position in Consolidated Water in the 3rd quarter valued at $161,000. Occudo Quantitative Strategies LP acquired a new stake in Consolidated Water during the 2nd quarter worth $175,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Consolidated Water during the third quarter worth $197,000. 46.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Janney Montgomery Scott raised shares of Consolidated Water from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, November 16th. StockNews.com downgraded shares of Consolidated Water from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 16th.

Consolidated Water Company Profile

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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.

See Also

Dividend History for Consolidated Water (NASDAQ:CWCO)

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