Consolidated Water increases dividend and declares Q4 11c cash dividend

Consolidated Water has increased its quarterly cash dividend and declared a dividend of 11c 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 9.5c per share. The cash dividend is payable on October 31 to shareholders of record at the close of business on October 1. “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 $32.5M and earnings per share of 99c in the second quarter of 2024.