Cadiz Inc. (NASDAQ:CDZIP) to Issue $0.55 Quarterly Dividend

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Stockholders of record on Friday, April 4th will be given a dividend of 0.55 per share on Tuesday, April 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date of this dividend is Friday, April 4th.

Cadiz Price Performance

Shares of Cadiz stock opened at $19.38 on Wednesday. Cadiz has a 1 year low of $11.50 and a 1 year high of $19.60. The stock has a 50-day moving average price of $18.59 and a 200 day moving average price of $17.10.

Cadiz Company Profile

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.