Key Highlights

  • Consolidated Water's $0.14 quarterly dividend goes ex-dividend October 1, 2026 and is payable October 30 to shareholders of record.
  • Second-quarter revenue was $32.9 million, down 2%, as manufacturing revenue fell 49% to $2.7 million.
  • Net income from continuing operations was $4.0 million, or $0.25 per diluted share, compared with $5.2 million, or $0.32.
  • Bulk revenue rose 20% to $9.9 million on Bahamas energy-related revenue and two new Cat Island desalination plants.

Overview

Consolidated Water Co. Ltd.'s (NASDAQ:CWCO) $0.14 quarterly dividend yields 2.01% and matches the $0.14 declared for the prior quarter, for which $2.3 million of dividends were paid in July 2026. Second-quarter net income from continuing operations was $0.25 per diluted share, or $0.24 including discontinued operations, against $0.32 a year earlier. The new dividend was declared August 20.

Dividend Program and Shareholder Returns

Consolidated Water's board declared a quarterly dividend of $0.14 per share on August 20, 2026, payable October 30 to shareholders of record on October 1.

Management said $2.3 million of dividends were paid in July 2026 following a $0.14 per share declaration for the prior quarter. The company states that future dividends depend on earnings, financial condition, cash flows and capital requirements.

About the Company

Consolidated Water designs, builds, owns and operates advanced water treatment and desalination plants. Its operations include retail water production in Grand Cayman, bulk water supply in The Bahamas, services, and manufacturing of water treatment equipment. Results vary with plant commissioning, contract timing, energy costs and project execution.

Financial Performance Behind the Payout

Consolidated Water reported second-quarter revenue of $32.9 million, down 2% from $33.6 million. Gross profit was $11.0 million, or 33% of total revenue, versus 38% a year earlier. Net income from continuing operations attributable to stockholders was $4.0 million, or $0.25 per diluted share, versus $5.2 million, or $0.32. Including discontinued operations, net income was $3.9 million, or $0.24, versus $5.1 million, or $0.32.

For the first half, revenue was $62.8 million versus $67.3 million. Net income from continuing operations was $7.9 million, or $0.49 per diluted share, versus $10.1 million, or $0.63. Including discontinued operations, net income was $7.7 million, or $0.48.

Cash and cash equivalents were $132.6 million at June 30, 2026.

Segment Mix Behind the Quarter

Retail revenue was $8.7 million, up 0.3%. Bulk revenue rose 20% to $9.9 million, driven by higher energy-related revenue in The Bahamas and two seawater desalination plants commissioned on Cat Island in 2026. Services revenue rose 1% to $11.6 million, with construction revenue of $5.3 million, up 89%, and operations and maintenance revenue of $6.0 million, down 27% after two PERC Water contracts expired in the first quarter. Manufacturing revenue fell 49% to $2.7 million.

The company received a 25-year exclusive water production and supply concession and water utility license for Seven Mile Beach and West Bay in Grand Cayman.

Outlook

Management stated that manufacturing revenue for full-year 2026 is projected to be lower than in 2025. Bulk revenue from the Cat Island plants, the services mix between construction and operations and maintenance, and the new Grand Cayman license are the other items the company discussed.