Cadiz Inc. (NASDAQ:CDZIP – Get Rating) declared a quarterly dividend on Tuesday, March 28th, Wall Street Journal reports. Stockholders of record on Tuesday, April 4th will be paid a dividend of 0.55 per share on Friday, April 14th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 15.92%. The ex-dividend date is Monday, April 3rd.
Cadiz Trading Down 8.0 %
Cadiz stock traded down $1.20 during trading hours on Wednesday, hitting $13.82. The stock had a trading volume of 801 shares, compared to its average volume of 1,946. The business has a 50 day moving average of $15.96. Cadiz has a one year low of $9.63 and a one year high of $18.31.
Get Cadiz alerts:Insiders Place Their Bets
In related news, major shareholder International Group Se Heerema bought 3,675,000 shares of the stock in a transaction that occurred on Thursday, February 2nd. The stock was acquired at an average cost of $3.84 per share, with a total value of $14,112,000.00. Following the transaction, the insider now directly owns 20,513,965 shares in the company, valued at $78,773,625.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Cadiz Company Profile
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Cadiz Inc, together with its subsidiaries, operates as a natural resources development company in the United States. It engages in the water resource and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.
Further Reading
- Get a free copy of the StockNews.com research report on Cadiz (CDZIP)
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