Cadiz Inc. Plans Quarterly Dividend of $0.55 (NASDAQ:CDZIP)

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Friday, December 26th. Shareholders of record on Monday, January 5th will be given a dividend of 0.55 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Monday, January 5th.

Cadiz Trading Up 0.3%

Shares of CDZIP stock traded up $0.05 on Friday, hitting $19.45. The company had a trading volume of 16,867 shares, compared to its average volume of 8,345. Cadiz has a twelve month low of $16.27 and a twelve month high of $20.20. The stock’s 50-day moving average is $19.56 and its two-hundred day moving average is $18.59.

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.