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CADIZ INC. DECLARES QUARTERLY DIVIDEND FOR Q1 2023 ON SERIES A CUMULATIVE PERPETUAL PREFERRED STOCK
LOS ANGELES, March 24, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that its Board of Directors has declared
About this update from Cadiz, Inc.
[{"type":"text","content":"LOS ANGELES, March 24, 2023 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI/CDZIP) (\"Cadiz\", 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 14, 2023 to respective holders of record as of the close of business on April 4, 2023.\nAbout Cadiz Inc.\nFounded in 1983, Cadiz Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a variety of innovative water supply, storage, conveyance and treatment projects. 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 are not statements of historical fact, including statements regarding the Company's expectations regarding payments of dividends in the future. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the Commission, including without limitation our Annual Report on Form 10-K for the year ended December 31, 2021, our Quarterly Reports on Form 10-Q for the fisca...