Consolidated Water Co. Ltd. (CWCO) To Go Ex-Dividend on July 1st

Consolidated Water Co. Ltd. (NASDAQ:CWCO) announced a quarterly dividend on Friday, June 5th. Stockholders of record on Wednesday, July 1st will be given a dividend of 0.14 per share by the utilities provider on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st.

Consolidated Water has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Consolidated Water has a payout ratio of 35.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Consolidated Water to earn $1.45 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 38.6%.

Consolidated Water Trading Down 0.5%

Consolidated Water stock opened at $29.92 on Friday. The firm has a 50-day moving average of $31.98 and a 200-day moving average of $34.39. The firm has a market cap of $478.72 million, a P/E ratio of 33.24 and a beta of 0.50. Consolidated Water has a 1-year low of $27.10 and a 1-year high of $39.12.

Consolidated Water (NASDAQ:CWCO) last posted its earnings results on Monday, May 11th. The utilities provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Consolidated Water had a return on equity of 7.81% and a net margin of 13.50%.The firm had revenue of $29.97 million for the quarter, compared to analysts’ expectations of $31.90 million. Research analysts forecast that Consolidated Water will post 0.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CWCO shares. Zacks Research lowered shares of Consolidated Water from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 31st. Weiss Ratings lowered shares of Consolidated Water from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Consolidated Water has an average rating of “Hold” and a consensus target price of $40.00.

Consolidated Water Company Profile

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.