Duxton Water Ltd. (AU:D2O) has released an update.
Duxton Water Ltd, an investor in Australian Water Entitlements, has announced a final 2023 dividend of 3.6 cents per share, payable on April 26, 2024, with a Dividend Reinvestment Plan offering shares at a 5% discount. The company’s water portfolio value increased to $394 million in March 2024, and it remains committed to strategic expansion, as demonstrated by the recent sale of NSW high-security water entitlements to Treasury Wine Estates. These proceeds will enhance Duxton’s financial flexibility, allowing for opportunistic acquisitions and a focus on supporting agricultural partners’ water strategies for the upcoming water year.
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