Cadiz Inc. (NASDAQ:CDZIP) Plans Dividend Increase – $0.56 Per Share

Cadiz Inc. (NASDAQ:CDZIP) declared a quarterly dividend on Friday, December 27th,Wall Street Journal reports. Stockholders of record on Friday, January 3rd will be paid a dividend of 0.56 per share on Wednesday, January 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 13.33%. The ex-dividend date is Friday, January 3rd. This is an increase from Cadiz’s previous quarterly dividend of $0.55.

Cadiz Stock Down 1.2 %

Shares of NASDAQ:CDZIP traded down $0.20 on Friday, hitting $16.80. The company had a trading volume of 5,576 shares, compared to its average volume of 7,602. The business has a 50 day moving average of $16.29 and a 200 day moving average of $15.65. Cadiz has a 52-week low of $11.50 and a 52-week high of $17.39.

About Cadiz

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.