Cadiz Inc. (NASDAQ:CDZIP) Raises Dividend to $0.56 Per Share

Cadiz Inc. (NASDAQ:CDZIP) announced a quarterly dividend on Thursday, June 20th, Wall Street Journal reports. Stockholders of record on Friday, July 5th will be paid a dividend of 0.56 per share on Monday, July 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 14.00%. The ex-dividend date is Friday, July 5th. This is an increase from Cadiz’s previous quarterly dividend of $0.55.

Cadiz Trading Up 0.1 %

Shares of CDZIP stock opened at $16.00 on Thursday. The company has a 50 day moving average price of $13.76 and a 200-day moving average price of $13.85. Cadiz has a 52 week low of $11.50 and a 52 week high of $17.39.

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.