Cadiz Inc. (NASDAQ:CDZIP) Increases Dividend to $0.56 Per Share

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Friday, September 25th. Stockholders of record on Monday, October 5th will be given a dividend of $0.56 per share on Thursday, October 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Monday, October 5th. This is a 1.8% increase from Cadiz’s previous quarterly dividend of $0.55.

Cadiz Stock Performance

NASDAQ:CDZIP traded up $0.12 on Friday, hitting $21.92. 7,024 shares of the stock were exchanged, compared to its average volume of 6,497. Cadiz has a fifty-two week low of $18.80 and a fifty-two week high of $24.78. The stock has a fifty day moving average of $22.18 and a 200-day moving average of $21.34.

Cadiz Company Profile

Cadiz, Inc (NASDAQ: CDZIP) is a land and water resource management company focused on developing sustainable water supply solutions in Southern California. The company holds approximately 36,000 acres of desert land in the Mojave Basin, where it has pursued the Cadiz Water Project—a plan to capture and convey groundwater to regional municipal and industrial customers. Cadiz oversees the permitting, design, and construction of conveyance infrastructure, including an engineered pipeline and pumping stations.

In addition to its water development activities, Cadiz operates agricultural ventures on its desert holdings, growing crops such as alfalfa while restoring degraded soils and maintaining native habitat.