Shares of Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) were up 0.5% on Friday. The stock traded as high as $20.07 and last traded at $19.69. Approximately 5,574 shares changed hands during trading, a decline of 16% from the average session volume of 6,604 shares. The stock had previously closed at $19.60.
Cadiz Stock Up 0.5%
The business’s fifty day moving average price is $21.90 and its 200 day moving average price is $21.55.
Cadiz Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Monday, October 5th were given a dividend of $0.56 per share. The ex-dividend date was Monday, October 5th. This represents a $2.24 dividend on an annualized basis and a yield of 11.4%. This is a positive change from Cadiz’s previous quarterly dividend of $0.55.
About Cadiz
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.
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