Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Duxton Water Ltd. ( (AU:RIV) ) has provided an announcement.
Rivco Australia reported a pre-tax net asset value of $1.79 per share for February, up four cents in the month as higher valuations for high security water entitlements supported asset values despite softer Southern Basin storage levels. The company also declared a fully franked dividend of 3.72 cents per share, contributing to a gross dividend yield of 7.1% and underscoring its income-focused proposition for shareholders.
Operationally, Rivco executed a 1,000 megalitre lease that lifts its forward-committed position from 1 July 2026 to about 66% of the portfolio, improving visibility over future cash flows. Market conditions remain firm, with Lower Murray spot water prices rising from about $440 per megalitre at February’s end to roughly $500 in mid-March, while declining dam storage levels highlight tightening supply dynamics that may continue to support water pricing and portfolio returns.
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.
Rivco Australia Limited is an ASX-listed water investment company focused on owning and leasing water entitlements across Australia’s Southern Murray-Darling Basin. Its portfolio totals $296 million in water assets and 58.8 gigalitres of entitlements, with around 53% leased under contracts averaging 3.2 years, providing income exposure to irrigator demand and regional water markets.
Average Trading Volume: 112,640
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$238.2M
For detailed information about RIV stock, go to TipRanks’ Stock Analysis page.