Cadiz (CDZIP) to Release Earnings on Friday

Cadiz (NASDAQ:CDZIP) is expected to post its results after the market closes on Friday, May 8th. Analysts expect Cadiz to post earnings of ($0.1065) per share and revenue of $4.5550 million for the quarter.

Cadiz Stock Performance

CDZIP stock opened at $20.01 on Wednesday. The business has a 50-day moving average price of $19.49 and a 200 day moving average price of $19.50. Cadiz has a 1-year low of $16.27 and a 1-year high of $20.49.

Cadiz Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Friday, April 3rd were given a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Thursday, April 2nd. This is a positive change from Cadiz’s previous quarterly dividend of $0.55.

About Cadiz

Cadiz, Inc (NASDAQ: CDZIP) is a land and water resource management company focused on developing sustainable water supply solutions in Southern California. The company holds approximately 36,000 acres of desert land in the Mojave Basin, where it has pursued the Cadiz Water Project—a plan to capture and convey groundwater to regional municipal and industrial customers. Cadiz oversees the permitting, design, and construction of conveyance infrastructure, including an engineered pipeline and pumping stations.

In addition to its water development activities, Cadiz operates agricultural ventures on its desert holdings, growing crops such as alfalfa while restoring degraded soils and maintaining native habitat.