Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) shares shot up 0.4% on Friday . The company traded as high as $15.25 and last traded at $15.23. 2,182 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 7,271 shares. The stock had previously closed at $15.16.
Cadiz Price Performance
The stock’s fifty day moving average is $15.48 and its two-hundred day moving average is $14.28.
Cadiz Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, July 5th were issued a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 14.71%. The ex-dividend date of this dividend was Friday, July 5th. This is a positive change from Cadiz’s previous quarterly dividend of $0.55.
Cadiz Company Profile
Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.
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