Cadiz (NASDAQ:CDZIP) Shares Up 1.7% – Still a Buy?

Cadiz Inc. (NASDAQ:CDZIP)’s share price shot up 1.7% during trading on Monday . The company traded as high as $18.50 and last traded at $18.40. 22,063 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 30,678 shares. The stock had previously closed at $18.10.

Cadiz Price Performance

The company has a 50-day simple moving average of $17.05 and a two-hundred day simple moving average of $15.96.

Cadiz Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Friday, January 3rd were given a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.24 annualized dividend and a yield of 12.17%. This is a boost 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.