Cadiz Inc. (NASDAQ:CDZIP) Announces Quarterly Dividend of $0.55

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Tuesday, March 25th, Wall Street Journal reports. Shareholders of record on Friday, April 4th will be given a dividend of 0.55 per share on Tuesday, April 15th. This represents a $2.20 annualized dividend and a yield of 11.51%. The ex-dividend date is Friday, April 4th.

Cadiz Price Performance

Shares of Cadiz stock traded up $0.17 on Tuesday, hitting $19.12. The company’s stock had a trading volume of 2,972 shares, compared to its average volume of 8,855. The firm has a fifty day moving average price of $18.49 and a 200-day moving average price of $16.94. Cadiz has a 52-week low of $11.50 and a 52-week high of $19.14.

About Cadiz

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.