Consolidated Water Co Ltd (CWCO)

Shares of Consolidated Water Co. (CWCO) dropped by 6.06% from $37.77 to $35.48 in the trading on Tuesday, November 28, 2023. The reason why CWCO is down today is due to the company's announcement that its board of directors has approved a quarterly cash dividend of $0.095 per share for the first quarter of 2024. This announcement likely disappointed investors who were expecting a higher dividend. This led to a 6.06% drop in CWCO's share price as investors adjusted their expectations and reacted to the company's dividend decision.