Business
Cadiz Declares Quarterly Dividend for Q1 2022 on Series A Cumulative Perpetual Preferred Stock
LOS ANGELES, March 25, 2022 /PRNewswire/ -- Cadiz Inc. (Nasdaq: CDZI/CDZIP) ("Cadiz" or the "Company") today announced that its Board of Directors has
About this update from Cadiz, Inc.
[{"type":"text","content":"LOS ANGELES, March 25, 2022 /PRNewswire/ -- Cadiz Inc. (Nasdaq: CDZI/CDZIP) (\"Cadiz\" or the \"Company\") today announced that its Board of Directors has declared the following cash dividend on Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock (the \"Series A Preferred Stock\").\n\n \n \n \n \n \n \n\n \nHolders of Series A Preferred Stock will receive a cash dividend equal to $550.00 per whole share.\nHolders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to approximately $0.55 per depositary share.\nThe dividend will be paid on April 15, 2022 to respective holders of record as of the close of business on April 4, 2022.\nAbout Cadiz Inc.\nFounded in 1983, Cadiz Inc. (NASDAQ: CDZI) is a California business dedicated to sustainable water and agricultural projects. We own 70 square miles of property with significant water resources in Southern California and are the largest agricultural operation in San Bernardino County, California, where we have sustainably farmed since the 1980s. We are also partnering with public water agencies to implement the Cadiz Water Project, which was named a Top 10 Infrastructure Project that over two phases will create a new water supply for approximately 400,000 people and make available up to 1 million acre-feet of new groundwater storage capacity for the region. Guided by a holistic land management plan, we are dedicated to pursuing sustainable projects and practicing responsible stewardship of our land, water and agricultural resources. For more information, please visit www.cadizinc.com.\nSafe Harbor Statement This release contains \"forward-looking statements\" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. \"Forward-looking statements\" describe future expectations, plans, results, or strategies and are generally preceded by words such as \"anticipates\", \"expect\", \"may\", \"plan\", or \"will\". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and...