Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) shares rose 0.5% during trading on Friday. The company traded as high as $20.07 and last traded at $19.69. 5,574 shares were traded during trading, a decline of 16% from the average daily volume of 6,604 shares. The stock had previously closed at $19.60.
Cadiz Stock Up 0.5%
The business has a 50 day moving average of $21.90 and a 200-day moving average of $21.55.
Cadiz Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Monday, October 5th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 11.4%. This is an increase from Cadiz’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, October 5th.
Cadiz Company Profile
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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