ConsolidatedWater Declares Quarterly Cash Dividend
Consolidated Water Co. Ltd. (Nasdaq NationalMarket: "CWCO"), which develops and operates seawaterconversion plants and water distribution systems in areas wherenatural supplies of drinking water (i.e. potable) water are scarce,on May 28 announced that its Board of Directors has declared aquarterly cash dividend of $0.105 per share. The dividend is payableJuly 31, 2002 to holders of record at the close of business June30, 2002.
The Company has paid cash dividends to shareholdersevery quarter since 1985. The annual rate of dividend paymenthas never been reduced by the Company during this 17-year period.
Consolidated Water Co. Ltd. is engaged inthe development and operation of seawater conversion plants andwater distribution systems in areas of the world where naturallyoccurring supplies of potable water are scarce or non-existent.It currently operates a public water utility in certain areasof the Cayman Islands under a 20-year exclusive license from theGovernment of the Cayman Islands. The Company also operates reverseosmosis seawater conversion facilities on Ambergris Caye off themainland of Belize and in the Commonwealth of the Bahamas.
The common stock of Consolidated Water Co.Ltd. is traded on the Nasdaq National Market under the symbol"CWCO".