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

Cadiz Inc. (NASDAQ:CDZIP) declared a quarterly dividend on Tuesday, March 25th, Wall Street Journal reports. Investors 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 11.51%. The ex-dividend date is Friday, April 4th.

Cadiz Price Performance

Shares of NASDAQ CDZIP traded up $0.17 during mid-day trading on Tuesday, hitting $19.12. 2,972 shares of the company were exchanged, compared to its average volume of 8,855. The stock has a 50 day simple moving average of $18.49 and a 200-day simple moving average of $16.94. Cadiz has a 1-year low of $11.50 and a 1-year high of $19.14.

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.