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Duxton Water Ltd. ( (AU:RIV) ) has shared an update.
Rivco Australia Limited has announced its 17th consecutive and increasing dividend of 3.72 cents per share, bringing total dividends paid since inception to 52.4 cents per share. Despite recent rainfall, dam levels have decreased compared to the previous year, except for the Menindee Lakes. This has led to higher allocation prices, with the Lower Murray trading at approximately $310 per megaliter. The company has also moved to new office premises in Unley, South Australia. Enquiries for new leases starting in July 2026 are being driven by drier seasonal conditions and elevated allocation prices.
The most recent analyst rating on (AU:RIV) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Duxton Water Ltd. stock, see the AU:RIV Stock Forecast page.
More about Duxton Water Ltd.
Average Trading Volume: 105,199
Technical Sentiment Signal: Buy
Current Market Cap: A$227.5M
See more insights into RIV stock on TipRanks’ Stock Analysis page.