Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) traded up 0.5% during trading on Friday. The stock traded as high as $20.07 and last traded at $19.69. Approximately 5,574 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 6,604 shares. The stock had previously closed at $19.60.
Cadiz Price Performance
The business has a 50-day simple moving average of $21.90 and a 200-day simple moving average of $21.55.
Cadiz Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Monday, October 5th were paid a dividend of $0.56 per share. The ex-dividend date was Monday, October 5th. This represents a $2.24 annualized dividend and a yield of 11.4%. This is an increase from Cadiz’s previous quarterly dividend of $0.55.
About Cadiz
Cadiz Inc is a California-based water and agricultural development company focused on creating and managing water supplies in the Mojave Desert. The company owns and manages land and water resources in the Cadiz Valley of San Bernardino County, California, where it operates agricultural activities and develops water-related infrastructure.
Cadiz’s principal activities include groundwater conservation, water storage, agricultural production, and the development of systems to transport water to users in Southern California.
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