Cadiz Inc. (NASDAQ:CDZIP) Plans Quarterly Dividend of $0.56

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Tuesday, December 24th,Wall Street Journal reports. Investors of record on Friday, January 3rd will be paid a dividend of 0.56 per share on Wednesday, January 15th. This represents a $2.24 annualized dividend and a dividend yield of 12.58%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Cadiz’s previous quarterly dividend of $0.55.

Cadiz Stock Performance

Shares of NASDAQ:CDZIP opened at $17.80 on Wednesday. Cadiz has a 12-month low of $11.50 and a 12-month high of $17.88. The business has a 50 day moving average of $16.44 and a 200-day moving average of $15.72.

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.