Consolidated Water Increases Dividend and Declares Fourth Quarter Cash Dividend of $0.11 per Share
Consolidated Water Co. (NASDAQ: CWCO), a leading designer, builder and operator of advanced water supply and treatment plants, has increased its quarterly cash dividend by 15.8% to $0.11 per share for the fourth quarter of 2024. The dividend is payable on October 31, 2024 to shareholders of record as of October 1, 2024. CEO Rick McTaggart attributed the increase to improved sales from Caribbean-based businesses and the resolution of the Mexico arbitration, resulting in increased cash flow. The company recently reported Q2 2024 revenue of $32.5 million and earnings per share of $0.99. This dividend increase reflects the company's strong positive outlook and commitment to shareholder value.
Consolidated Water Co. (NASDAQ: CWCO), un importante progettista, costruttore e operatore di impianti avanzati di approvvigionamento e trattamento dell'acqua, ha aumentato il suo dividendo trimestrale in contante del 15.8% a $0.11 per azione per il quarto trimestre del 2024. Il dividendo sarà pagabile il 31 ottobre 2024 agli azionisti registrati al 1 ottobre 2024. Il CEO Rick McTaggart ha attribuito l'aumento al miglioramento delle vendite delle attività nei Caraibi e alla risoluzione dell'arbitrato in Messico, che ha portato a un incremento del flusso di cassa. L'azienda ha recentemente riportato entrate del Q2 2024 pari a $32.5 milioni e utili per azione di $0.99. Questo aumento del dividendo riflette la forte prospettiva positiva della società e il suo impegno verso il valore per gli azionisti.
Consolidated Water Co. (NASDAQ: CWCO), un destacado diseñador, constructor y operador de plantas avanzadas de suministro y tratamiento de agua, ha incrementado su dividendo en efectivo trimestral en un 15.8% a $0.11 por acción para el cuarto trimestre de 2024. El dividendo se pagará el 31 de octubre de 2024 a los accionistas registrados al 1 de octubre de 2024. El CEO Rick McTaggart atribuyó el aumento a las mejores ventas de las empresas con sede en el Caribe y la resolución del arbitraje en México, lo que resultó en un aumento del flujo de efectivo. La compañía reportó recientemente ingresos del Q2 2024 de $32.5 millones y ganancias por acción de $0.99. Este aumento del dividendo refleja la fuerte perspectiva positiva de la empresa y su compromiso con el valor para los accionistas.
통합수자원회사(Consolidated Water Co., NASDAQ: CWCO)는 첨단 물 공급 및 처리 플랜트를 설계, 건설 및 운영하는 선두 기업으로, 4분기 2024년 주당 현금 배당금을 15.8% 인상하여 $0.11로 조정했습니다. 배당금은 2024년 10월 31일에 2024년 10월 1일 기준 주주에게 지급될 예정입니다. CEO인 Rick McTaggart는 이번 인상을 카리브해 지역의 판매 증가와 멕시코의 중재 합의에 따른 현금 흐름 증가로 설명했습니다. 회사는 최근 2024년 2분기 매출이 $32.5 백만, 주당 순이익이 $0.99라고 발표했습니다. 이 배당금 인상은 회사의 강력한 긍정적인 전망과 주주 가치를 위한 헌신을 반영합니다.
Consolidated Water Co. (NASDAQ: CWCO), un leader dans la conception, la construction et l'exploitation d'installations avancées de traitement et d'approvisionnement en eau, a augmenté son dividende trimestriel en espèces de 15,8% à 0,11 $ par action pour le quatrième trimestre de 2024. Le dividende sera versé le 31 octobre 2024 aux actionnaires inscrits au 1er octobre 2024. Le PDG Rick McTaggart a attribué cette augmentation à une amélioration des ventes des entreprises basées dans les Caraïbes et à la résolution de l'arbitrage au Mexique, ce qui a entraîné une augmentation des flux de trésorerie. L'entreprise a récemment annoncé des revenus de 32,5 millions de dollars au deuxième trimestre 2024 et un bénéfice par action de 0,99 $. Cette augmentation de dividende reflète la forte perspective positive de l'entreprise et son engagement envers la valeur pour les actionnaires.
Consolidated Water Co. (NASDAQ: CWCO), ein führender Designer, Hersteller und Betreiber moderner Wasseraufbereitungs- und Lieferanlagen, hat seine vierteljährliche Bardividende um 15.8% auf 0.11 $ pro Aktie für das vierte Quartal 2024 erhöht. Die Dividende ist am 31. Oktober 2024 an Aktionäre zahlbar, die zum 1. Oktober 2024 im Aktienregister stehen. CEO Rick McTaggart führte die Erhöhung auf verbesserte Verkaufszahlen von Unternehmen in der Karibik und die Beilegung des Schiedsverfahrens in Mexiko zurück, was zu einem erhöhten Cashflow führte. Das Unternehmen meldete kürzlich Umsätze im 2. Quartal 2024 von 32,5 Millionen USD und Gewinne pro Aktie von 0,99 USD. Diese Dividendenerhöhung spiegelt die starke positive Aussicht des Unternehmens und das Engagement für den Aktionärswert wider.
- Quarterly dividend increased by 15.8% to $0.11 per share
- Q2 2024 revenue of $32.5 million
- Q2 2024 earnings per share of $0.99
- Improved sales from Caribbean-based businesses
- Resolution of Mexico arbitration leading to increased cash flow
- Strong positive outlook reported by management
- None.
GEORGE TOWN, Cayman Islands, Aug. 27, 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, has increased its quarterly cash dividend and declared a dividend of
This fourth quarter dividend represents an increase of
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
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. 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
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