Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Monday, October 5th will be given a dividend of $0.56 per share on Thursday, October 15th. This represents a $2.24 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend is Monday, October 5th. This is a 1.8% increase from Cadiz’s previous quarterly dividend of $0.55.
Cadiz Stock Down 0.0%
CDZIP stock opened at $22.20 on Friday. The business’s 50-day moving average is $22.16 and its two-hundred day moving average is $21.45. Cadiz has a 1 year low of $18.80 and a 1 year high of $24.78.
About Cadiz
Cadiz Inc is a California-based natural resources company focused on water supply, water conservation, groundwater storage and agricultural development. The company owns and manages land and water resources in the Mojave Desert, primarily in San Bernardino and Riverside counties.
Its principal initiative is the Cadiz Water Project, which is designed to conserve groundwater in the Cadiz Valley and make additional water supplies available to participating public water agencies. The project involves groundwater management, storage and transportation infrastructure intended to serve communities and water users in Southern California.
Cadiz also has agricultural operations in the Cadiz Valley, where it has cultivated crops suited to the region’s desert climate.
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