Consolidated Water Increases Dividend and Declares Fourth Quarter Cash Dividend of $0.095 per Share

Written by Customer Service on . Posted in Dividend Reports And Estimates.

GEORGE TOWN, Cayman Islands, Aug. 29, 2023 (GLOBE NEWSWIRE) — Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading developer and operator of advanced water supply and treatment plants, has increased its quarterly cash dividend and declared a dividend of $0.095 per share for the fourth quarter of 2023.

This fourth quarter dividend represents an increase of 11.8% from the third quarter 2023 dividend of $0.085 per share.

The cash dividend is payable on October 31, 2023 to shareholders of record at the close of business on October 2, 2023.

“Our strong growth across all four of our business segments has resulted in increased profitability and cash flow,” stated Consolidated Water president and CEO, Rick McTaggart. “This performance and positive outlook supported our board of directors’ decision to increase our quarterly dividend for our stockholders.”

The company also recently reported a 110% increase in revenue to $44.2 million in the second quarter of 2023, with this driving an increase of EPS to $0.47.

About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates advanced water supply and treatment plants and water distribution systems. The company designs, builds and operates seawater desalination facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, builds and operates water treatment and reuse facilities in the United States. The company recently entered the U.S. desalination market with a contract to design, build, operate and maintain a seawater desalination plant in Hawaii.

The company also manufactures and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, supply and treatment, and industrial water and wastewater treatment. For more information, visit www.cwco.com.

Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
Email Contact

Investor Relations Contact
Ron Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email Contact

Media Contact:
Tim Randall
CMA Media Relations
Tel (949) 432-7572
Email Contact

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.