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CADIZ INC. DECLARES QUARTERLY DIVIDEND FOR Q4 2022 ON SERIES A CUMULATIVE PERPETUAL PREFERRED STOCK
LOS ANGELES, Dec. 23, 2022 /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, Dec. 23, 2022 /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 $560.00 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 $0.56 per depositary share.\nThe dividend will be paid on January 17, 2023 to respective holders of record as of the close of business on January 4, 2023.\nAbout Cadiz Inc.Founded in 1983, Cadiz Inc. (NASDAQ: CDZI) is a California business with more than 70 square miles of property, significant infrastructure, and water rights. The Company's mission is to deliver sustainable solutions to California's clean water challenges. The Cadiz Water Conservation and Storage Project is an innovative aquifer storage project that will create a new water supply for 400,000 people a year by conserving billions of gallons of renewable groundwater currently being lost to evaporation and salt contamination at Mojave Desert dry lakes. With state-of-the-art groundwater management technology, the Project will put conserved water to beneficial use and create a much-needed groundwater bank interconnecting California's existing water infrastructure. For more information, please visit the Company's website www.cadizinc.com or review the Company's filings with the Securities and Exchange Commission.\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 e...