Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) dropped 0.7% during trading on Tuesday . The stock traded as low as $21.10 and last traded at $22.25. 3,127 shares changed hands during trading, a decline of 52% from the average daily volume of 6,542 shares. The stock had previously closed at $22.40.
Cadiz Stock Performance
The business has a fifty day moving average of $22.22 and a two-hundred day moving average of $21.23.
Cadiz Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Thursday, July 2nd were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend was Thursday, July 2nd.
Cadiz Company Profile
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.
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