Cadiz (CDZIP) Projected to Post Earnings on Friday

Cadiz (NASDAQ:CDZIP) is anticipated to announce its results before the market opens on Friday, November 6th. Analysts expect Cadiz to announce earnings of ($0.1350) per share and revenue of $2.56 million for the quarter.

Cadiz Stock Performance

Cadiz stock opened at $19.50 on Wednesday. Cadiz has a 12 month low of $18.82 and a 12 month high of $24.78. The business has a 50 day simple moving average of $21.32 and a 200-day simple moving average of $20.92.

Cadiz Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Monday, October 5th were paid a $0.56 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $2.24 annualized dividend and a yield of 11.5%. This is an increase from Cadiz’s previous quarterly dividend of $0.55.

Cadiz Company Profile

Cadiz Inc is a California-based water and agricultural development company focused on creating and managing water supplies in the Mojave Desert. The company owns and manages land and water resources in the Cadiz Valley of San Bernardino County, California, where it operates agricultural activities and develops water-related infrastructure.

Cadiz’s principal activities include groundwater conservation, water storage, agricultural production, and the development of systems to transport water to users in Southern California.