Consolidated Water Co. Ltd. announces a quarterly dividend of $0.11 per share, payable January 31, 2025.
Quiver AI Summary
Consolidated Water Co. Ltd. has announced a quarterly cash dividend of $0.11 per share for the first quarter of 2025, which will be payable on January 31, 2025, to shareholders on record as of January 2, 2025. The company, which specializes in designing, building, and operating advanced water supply and treatment facilities, has operations in the Cayman Islands, The Bahamas, British Virgin Islands, and has recently expanded into the U.S. desalination market with a new project in Hawaii. Consolidated Water also offers a variety of services related to commercial and municipal water treatment and supply.
Potential Positives
- The company has announced a quarterly cash dividend of $0.11 per share, indicating financial stability and commitment to returning value to shareholders.
- The cash dividend is scheduled to be payable on January 31, 2025, which may enhance investor confidence and attract more shareholders.
- Consolidated Water Co. Ltd. is expanding its operations into the U.S. desalination market with a contract in Hawaii, signaling growth and diversification in its business strategy.
- By operating advanced water supply and treatment plants, the company positions itself in a growing industry focused on sustainable water solutions, aligning with current environmental trends and needs.
Potential Negatives
- The announcement of a lower-than-expected quarterly cash dividend of $0.11 per share may imply financial constraints or limited growth potential, which could negatively affect investor confidence.
- The requirement for shareholders to be on record by January 2, 2025, might restrict potential investment interest or liquidity issues for investors who are not already holding shares.
FAQ
What is the quarterly cash dividend approved by Consolidated Water?
The board approved a quarterly cash dividend of $0.11 per share for the first quarter of 2025.
When will the cash dividend be payable?
The cash dividend will be payable on January 31, 2025, to shareholders of record on January 2, 2025.
What services does Consolidated Water Co. Ltd. provide?
Consolidated Water develops and operates water supply, treatment plants, and seawater desalination facilities.
Where does Consolidated Water operate its desalination facilities?
The company operates desalination facilities in the Cayman Islands, The Bahamas, the British Virgin Islands, and the U.S.
How can I contact Consolidated Water Co. Ltd. for more information?
You can contact David W. Sasnett, EVP and CFO, at (954) 509-8200 or visit www.cwco.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$CWCO Insider Trading Activity
$CWCO insiders have traded $CWCO stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $CWCO stock by insiders over the last 6 months:
- RAYMOND WHITTAKER sold 2,949 shares.
- CLARENCE B. FLOWERS sold 2,700 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$CWCO Hedge Fund Activity
We have seen 67 institutional investors add shares of $CWCO stock to their portfolio, and 65 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PENN CAPITAL MANAGEMENT COMPANY, LLC added 184,257 shares (+inf%) to their portfolio in Q3 2024
- JPMORGAN CHASE & CO added 105,711 shares (+54.7%) to their portfolio in Q3 2024
- INVESCO LTD. removed 102,896 shares (-31.4%) from their portfolio in Q3 2024
- CENTERBOOK PARTNERS LP added 98,409 shares (+141.7%) to their portfolio in Q3 2024
- NAVELLIER & ASSOCIATES INC removed 91,195 shares (-100.0%) from their portfolio in Q3 2024
- UNIPLAN INVESTMENT COUNSEL, INC. removed 89,487 shares (-100.0%) from their portfolio in Q2 2024
- LEGAL & GENERAL GROUP PLC removed 56,125 shares (-17.9%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GEORGE TOWN, Cayman Islands, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, today announced that its board of directors has approved a quarterly cash dividend of $0.11 per share for the first quarter of 2025.
The cash dividend is payable on January 31, 2025 to shareholders of record at the close of business on January 2, 2025.
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 www.cwco.com .
Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
Email Contact
Investor & Media Relations Contact:
Ron Both or Grant Stude
CMA Investor & Media Relations
Tel (949) 432-7566
Email Contact
/Cisco%20Systems%2C%20Inc_%20HQ-by%20Sundry%20Photography%20via%20iStock.jpg)
/Intel%20Corp_%20logo%20on%20mobile%20phone-by%20Piotr%20Swat%20via%20Shutterstock.jpg)