Consolidated Water Increases Dividend and Declares Fourth Quarter Cash Dividend of $0.095 per Share
August 29 2023 - 8:31AM
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.
SasnettExecutive Vice President and CFOTel (954) 509-8200Email
ContactInvestor Relations ContactRon Both or Grant
StudeCMA Investor RelationsTel (949) 432-7566Email
ContactMedia Contact:Tim RandallCMA Media
RelationsTel (949) 432-7572Email Contact
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