Consolidated Water Co. Ltd. (CWCO)

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Why is Consolidated Water Co. Ltd. (CWCO) Stock down?

We've noticed a 5.44% decline in Consolidated Water Co. Ltd. (CWCO) stock during the 2024-05-16 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

28 Nov, 2023:

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.