Consolidated Water raises regular quarterly dividend to 7.5 cents payable Oct. 31

Consolidated Water raises quarterly dividend

GEORGE TOWN, Cayman Islands — Consolidated Water Co. said its board has raised it regular quarterly dividend 15 percent to 7.5 cents from 6.5 cents.

The company, which operates water desalination plants, said last week that the dividend is payable Oct. 31 to shareholders of record on Oct. 1.

Shares of Consolidated Water rose 24 cents, or 1.3 percent, to $18.48 on Monday afternoon.

Consolidated Water develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, Belize, the British Virgin Islands, the Bahamas and Bermuda.