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The latest update is out from Duxton Water Ltd. ( (AU:D2O) ).
Duxton Water Limited has announced a fully franked dividend of 3.71 cents per share, marking its 16th consecutive dividend payout. Despite subdued operational performance due to wet conditions and depressed water markets, the company has maintained its dividend through capital gains from its water entitlement portfolio. The company continues to offer a Dividend Reinvestment Plan with a 5% discount to encourage shareholder participation.
More about Duxton Water Ltd.
Duxton Water Limited provides shareholders with direct exposure to Australian water markets by leasing its portfolio of permanent water entitlements to Australian farming businesses and selling the unleased portfolio into the forward and spot allocation markets each year.
YTD Price Performance: -1.49%
Average Trading Volume: 44,747
Technical Sentiment Consensus Rating: Buy
See more insights into D2O stock on TipRanks’ Stock Analysis page.