Duxton Water Ltd. (AU:D2O) has released an update.
Duxton Water Limited, an Australian water entitlements company, has continued its streak of dividends with the latest payout of 3.6 cents per share and has expanded its shareholder base through an underwriting agreement with Petra Capital. The company has utilized proceeds from the Dividend Reinvestment Plan underwriting to reduce debt and interest costs, while preparing for new acquisition opportunities. Despite a quiet April in the water markets, Duxton Water has been actively managing its portfolio and engaging in forward contracts in anticipation of the upcoming water year.
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