Consolidated Water is keeping its shareholder payout taps open. The company has declared a dividend of $0.075 per share for its Q3. This will be paid on July 31 to shareholders of record as of July 1. That amount matches each of the firm's previous quarterly distributions stretching back to late 2009. Prior to that, Consolidated Water handed out $0.065 per share.
The firm is a steady and consistent dividend payer, although it rarely increases its distribution. Since October 2005, it has only done so twice.
The just-declared dividend annualizes to $0.30 per share. That yields 2.7% at Consolidated Water's current stock price of $10.99.
The article Consolidated Water Declares Q3 Dividend originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Consolidated Water, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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