Consolidated Water Increases Dividend and Declares Fourth Quarter Cash Dividend of $0.11 per Share
GEORGE TOWN, Cayman Islands, Aug.27, 2024 - Consolidated Water Co.Ltd.(NASDAQ Global Select Market: CWCO), a leading designer, builder, and operator of advanced water supply and treatment plants, has announced an increase in its quarterly cash dividend and has declared a dividend of $0.11 per share for the fourth quarter of 2024.
As of the first quarter of 2024, Consolidated Water Co.Ltd’s dividend pay-out ratio, which measures the proportion of earnings distributed to shareholders as dividends, has decreased to 18.44%. This figure is lower than the company’s average of 314.49%.
When comparing Consolidated Water Co.Ltd’s performance to its peers in the Utilities sector, it is evident that 57 companies have a higher 12 Months dividend pay-out ratio.
Additionally, in the fourth quarter of 2023, Consolidated Water Co.Ltd ranked higher than 958 other companies.
This increase in dividend and relatively low pay-out ratio may have significant impacts on the company’s shares.
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