Duxton Water (ASX:D2O) gives dividend guidance until 2022

Company News

by Rachael Jones

Duxton Water (ASX:D2O) has reaffirmed its intention to pay a fully franked 2.9 cent dividend in September 2020 and a fully franked 3.0 cent dividend in March 2021.

In addition, a further target of 3.2 cents fully franked to be paid in March 2022 is announced today, giving shareholders 24 months visibility in these uncertain times.

Duxton Water is engaged in building a portfolio of both ground and surface water entitlements predominantly across the southern Murray Darling Basin.

The Company is pleased to announce the execution of a new water lease arrangement starting 1 July 2020.

This will take the leased portion of the Company’s permanent water portfolio to 66 per cent, generating approximately $9.5 million in annualised leasing revenue from 1 July 2020.

Shares in Duxton Water (ASX:D20) are trading 1.53 per cent higher at $1.33.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.