Consolidated Water Increases Dividend and Declares Fourth Quarter Cash Dividend of $0.11 per Share
August 27 2024 - 8:31AM
Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a
leading designer, builder and operator of advanced water supply and
treatment plants, has increased its quarterly cash dividend and
declared a dividend of $0.11 per share for the fourth quarter of
2024.
This fourth quarter dividend represents an increase of 15.8%
from the third quarter 2024 dividend of $0.095 per share.
The cash dividend is payable on October 31, 2024 to shareholders
of record at the close of business on October 1, 2024.
“Improving sales from our Caribbean-based businesses and the
resolution of our Mexico arbitration have resulted in increased
cash flow,” stated Consolidated Water president and CEO, Rick
McTaggart. “These results and our strong positive outlook supported
the decision by our board of directors to increase our quarterly
dividend for our stockholders.”
The company also recently reported revenue of $32.5 million and
earnings per share of $0.99 in the second quarter of 2024.
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, constructs and operates seawater desalination facilities
in the Cayman Islands, The Bahamas and the British Virgin Islands,
and designs, constructs 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, construct,
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 cwco.com.
Company Contact:David W. SasnettExecutive Vice
President and CFOTel (954) 509-8200Email Contact
Investor & Media Relations Contact:Ron Both
or Grant StudeCMA Investor & Media RelationsTel (949)
432-7566Email Contact
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