GEORGE TOWN, Cayman
Islands, Nov. 27, 2017 /PRNewswire/
-- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO),
a leading developer and operator of seawater desalination plants,
today announced that its Board of Directors has approved a
quarterly cash dividend increase to $0.085 per share from $0.075 per share.
"Over the past 11 months we have successfully renewed several
long-term water supply agreements resulting in greater visibility
of long-term cash flows. Additionally, our development
funding commitments for the Rosarito,
Mexico project are coming to an end. These factors combined
with our strong cash position have enabled us to increase returns
to our shareholders via a dividend increase," said President and
CEO Rick McTaggart.
The cash dividend is payable January 31,
2018 to shareholders of record at the close of business
January 3, 2018.
CWCO-D
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops and operates seawater
desalination plants and water distribution systems in areas of the
world where naturally occurring supplies of potable water are
scarce. The Company operates water production and/or distribution
facilities in the Cayman Islands,
Belize, the British Virgin Islands, The Commonwealth of The Bahamas, and
Bali, Indonesia. 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 in
the United States.
Consolidated Water Co. Ltd. is headquartered in George Town, Grand Cayman, in the Cayman
Islands. The Company's ordinary (common) stock is traded on
the NASDAQ Global Select Market under the symbol "CWCO".
Additional information on the Company is available on its website
at http://www.cwco.com.
This press release includes statements that may constitute
"forward-looking" statements, usually containing the words
"believe", "estimate", "project", "intend", "expect", "should" or
similar expressions. These statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
continued acceptance of the Company's products and services in the
marketplace, changes in its relationships with the governments of
the jurisdictions in which it operates, the outcome of its
negotiations with the Cayman government regarding a new retail
license agreement, its ability to successfully secure contracts for
water projects, including the project under development in
Baja California, Mexico, its
ability to develop and operate such projects profitably, and its
ability to manage growth and other risks detailed in the Company's
periodic report filings with the Securities and Exchange Commission
("SEC"). By making these forward-looking statements, the Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release.
For further information, please contact our investor
relations firm, AdvisIRy Partners:
Lynn Morgen: (212) 223 4147
lynn.morgen@advisiry.com
Eric Prouty: (978) 456 9539
eric.prouty@advisiry.com
Viktoriia Nakhla: (646) 625 4800
viktoriia.nakhla@advisiry.com
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SOURCE Consolidated Water Co. Ltd.