Cadiz Inc. Declares Quarterly Dividend for Q2 2025 on Series A Cumulative Perpetual Preferred Stock

Rhea-AI Summary

Cadiz Inc. (NASDAQ: CDZI) has declared a quarterly cash dividend for Q2 2025 on its 8.875% Series A Cumulative Perpetual Preferred Stock. Shareholders of Series A Preferred Stock will receive $560.00 per whole share, while holders of depositary shares (NASDAQ: CDZIP) will receive $0.56 per depositary share. The dividend will be paid on July 15, 2025, to holders of record as of July 3, 2025. Cadiz is a California water solutions company with significant assets including 45,000 acres of land, 2.5 million acre-feet of water supply, 220 miles of pipeline assets, and water treatment filtration technology.

Positive

• Regular dividend payments demonstrate financial stability and commitment to shareholder returns
• Company maintains substantial water-related assets including 45,000 acres of land and 2.5 million acre-feet of water supply
• Strong infrastructure with 220 miles of pipeline assets

Negative

• High dividend rate of 8.875% could indicate elevated cost of capital

News Market Reaction

+1.97%

1 alert

+1.97% News Effect

On the day this news was published, CDZI gained 1.97%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

LOS ANGELES, June 23, 2025 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").

Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share. Holders 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 $0.56 per depositary share.

The dividend will be paid on July 15, 2025, to applicable holders of record as of the close of business on July 3, 2025.

About Cadiz, Inc.
Founded 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 unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access.

For more information, please visit https://www.cadizinc.com. 

Safe 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 Securities and Exchange Commission (the "Commission"), including without limitation our Annual Report on Form 10-K for the year ended December 31, 2024 and our Quarterly Reports on Form 10-Q and other filings subsequently made by the Company with the Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date.  We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.

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SOURCE Cadiz, Inc.

FAQ

What is the dividend amount for Cadiz (CDZI) Series A Preferred Stock in Q2 2025?

Cadiz will pay $560.00 per whole share for Series A Preferred Stock and $0.56 per depositary share (CDZIP) for Q2 2025.

When is the dividend payment date for CDZI's Q2 2025 preferred stock dividend?

The dividend will be paid on July 15, 2025, to holders of record as of July 3, 2025.

What is Cadiz Inc.'s (CDZI) core business?

Cadiz is a California water solutions company providing water supply, storage, pipeline, and treatment solutions, with 45,000 acres of land and 2.5 million acre-feet of water supply.

What is the dividend yield on Cadiz's Series A Preferred Stock?

The Series A Preferred Stock has a dividend rate of 8.875% cumulative perpetual preferred stock.

What assets does Cadiz (CDZI) own?

Cadiz owns 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets, and water treatment filtration technology.