Cadiz Inc. (NASDAQ:CDZIP) to Issue Dividend Increase – $0.56 Per Share

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Friday, September 25th. Shareholders of record on Monday, October 5th will be paid a dividend of $0.56 per share on Thursday, October 15th. This represents a $2.24 dividend on an annualized basis and a yield of 10.2%. 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 Performance

Shares of NASDAQ CDZIP traded up $0.12 during trading on Friday, reaching $21.92. The company had a trading volume of 7,024 shares, compared to its average volume of 6,497. Cadiz has a twelve month low of $18.80 and a twelve month high of $24.78. The stock has a 50-day moving average price of $22.18 and a two-hundred day moving average price of $21.34.

About Cadiz

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.