Cadiz Inc. (CDZIP) to Issue Quarterly Dividend of $0.55 on July 15th

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Monday, June 22nd. Stockholders of record on Thursday, July 2nd will be given a dividend of 0.55 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Thursday, July 2nd.

Cadiz Stock Performance

Shares of CDZIP stock opened at $23.08 on Wednesday. Cadiz has a 1-year low of $16.90 and a 1-year high of $24.78. The business has a 50-day moving average of $21.08 and a 200 day moving average of $20.04.

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.