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The Daily Dividend 6/3/25

June 03, 2025

Good Morning!

Plenty of interesting dividend news today. We’ve got a tropical utility company raising its dividend by more than 25%, a tanker stock raising its dividend by more than 15%, and a debt-free dividend stock declaring its latest distribution.

Let’s start with the biggest raise first!

Consolidated Water Co. Ltd. ($CWCO) Raises Dividend by 27.3%

Consolidated Water Co. is a utility stock that slips through many screeners. Why? Because this company is located outside of the United States.

Consolidated Water Co. is a water utility service that operates in the Cayman Islands, the Bahamas, and the British Virgin Islands. Additionally, the company has a new contract to enter the U.S. market and build a desalination plant in Hawaii.

This is somewhat of a niche utility company.

And yesterday, Consolidated Water Co. announced that it is raising its dividend by 27.3%.

The company will now pay a $0.14/share quarterly dividend.

  • Ex-dividend date: 7/1/2025

  • Payout date: 7/31/2025

  • Forward starting dividend yield: 2.07%

Nordic American Tankers Limited ($NAT) Raises Dividend By 16.7%

Nordic American Tankers Limited owns and operates a fleet of 20 double-hull, Suezmax crude oil tankers.

Yesterday, Nordic American Tankers announced that it would raise its dividend by 16.7%, giving the company a new quarterly dividend rate of $0.07/share. This increase also bumps the company’s starting yield above 10%.

  • Ex-dividend date: 6/12/2025

  • Payout date: 6/26/2025

  • Forward starting dividend yield: 10.57%

CompX International Inc. ($CIX) Declares $0.30 Dividend

Here’s a manufacturing company with zero debt and a history of paying special dividends.

CompX International Inc. makes locks and boat parts. And, CompX is actually a spin-off of “National Lead,” one of the original Dow Jones components.

Last week, CompX announced its latest dividend.

The company will pay a $0.30/share quarterly dividend, in-line with the previous distribution.

  • Ex-dividend date: 6/9/2025

  • Payout date: 6/17/2025

  • Forward starting dividend yield: 4.82%

Thank you for reading and have a fantastic afternoon!