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

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

Cadiz Stock Performance

CDZIP stock opened at $19.38 on Wednesday. The stock’s 50 day moving average is $18.59 and its two-hundred day moving average is $17.10. Cadiz has a 52-week low of $11.50 and a 52-week high of $19.60.

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.