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

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Friday, December 26th. Shareholders of record on Monday, January 5th will be paid a dividend of 0.55 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Monday, January 5th.

Cadiz Stock Up 0.3%

CDZIP stock traded up $0.05 during midday trading on Friday, hitting $19.45. The stock had a trading volume of 16,867 shares, compared to its average volume of 8,345. The company’s 50-day moving average price is $19.56 and its 200 day moving average price is $18.59. Cadiz has a 12-month low of $16.27 and a 12-month high of $20.20.

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.