Connecticut Water Service Inc. (CTWS) Declares Quarterly Dividend of $0.26
Connecticut Water Service (NASDAQ:CTWS) declared a quarterly dividend on Friday, August 15th, AnalystRatings.NET reports. Shareholders of record on Tuesday, September 2nd will be given a dividend of 0.2575 per share on Tuesday, September 16th. This represents a $1.03 dividend on an annualized basis and a yield of 3.16%.
On a related note, analysts at Zacks upgraded shares of Connecticut Water Service from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $38.50 price target on the stock.
Connecticut Water Service (NASDAQ:CTWS) traded up 0.64% on Friday, hitting $32.84. The stock had a trading volume of 6,624 shares. Connecticut Water Service has a 52 week low of $30.05 and a 52 week high of $36.45. The stock’s 50-day moving average is $32.55 and its 200-day moving average is $32.85. The company has a market cap of $364.5 million and a P/E ratio of 16.57.
Connecticut Water Service (NASDAQ:CTWS) last announced its earnings results on Monday, August 11th. The company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by $0.12. The company had revenue of $27.30 million for the quarter, compared to the consensus estimate of $27.62 million. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. On average, analysts predict that Connecticut Water Service will post $1.80 earnings per share for the current fiscal year.
Connecticut Water Service, Inc is a non-operating holding company. The Company operates in three segments: Water Activities, Real Estate Transactions and Services and Rentals.
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