CW2 Consolidated Water Co

Consolidated Water Increases Dividend and Declares Fourth Quarter Cash Dividend of $0.095 per Share

Consolidated Water Increases Dividend and Declares Fourth Quarter Cash Dividend of $0.095 per Share

GEORGE TOWN, Cayman Islands, Aug. 29, 2023 (GLOBE NEWSWIRE) -- (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 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 .



Company Contact:

David W. Sasnett

Executive Vice President and CFO

Tel (954) 509-8200

Investor Relations Contact

Ron Both or Grant Stude

CMA Investor Relations

Tel (949) 432-7566

Media Contact:

Tim Randall

CMA Media Relations

Tel (949) 432-7572



EN
29/08/2023

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