Cadiz (CDZIP) Projected to Post Earnings on Friday

Cadiz (NASDAQ:CDZIP) will likely be posting its results before the market opens on Friday, August 14th. Analysts expect the company to post earnings of ($0.1250) per share and revenue of $3.0660 million for the quarter.

Cadiz Stock Down 0.0%

NASDAQ:CDZIP opened at $22.31 on Wednesday. The business’s 50-day moving average price is $22.51 and its 200 day moving average price is $20.72. Cadiz has a 52-week low of $17.51 and a 52-week high of $24.78.

Cadiz Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Thursday, July 2nd were given a dividend of $0.55 per share. The ex-dividend date was Thursday, July 2nd. This represents a $2.20 annualized dividend and a dividend yield of 9.9%.

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.