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Cadiz Inc. Declares Quarterly Dividend for Q3 2024 on Series A Cumulative Perpetual Preferred Stock

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Cadiz Inc. (NASDAQ: CDZI / CDZIP), a California water solutions company, has announced a quarterly dividend for Q3 2024 on its 8.875% Series A Cumulative Perpetual Preferred Stock. Holders of Series A Preferred Stock will receive a cash dividend of $550.00 per whole share, while holders of depositary shares (Nasdaq: CDZIP) will receive $0.55 per depositary share. The dividend will be paid on October 15, 2024, to holders of record as of the close of business on October 4, 2024.

Cadiz, founded in 1983, is dedicated to providing clean, reliable, and affordable water through various solutions. The company owns 45,000 acres of land in California, has 2.5 million acre-feet of water supply, 220 miles of pipeline assets, and offers cost-effective water treatment filtration technology.

Cadiz Inc. (NASDAQ: CDZI / CDZIP), un'azienda californiana specializzata in soluzioni idriche, ha annunciato un dividendo trimestrale per il terzo trimestre del 2024 sulle sue azioni di risparmio preferenziali cumulative perpetue di tipo A con un tasso dell'8.875%. I detentori delle azioni di tipo A riceveranno un dividendo in contante di $550.00 per ogni azione intera, mentre i detentori delle azioni depositarie (Nasdaq: CDZIP) riceveranno $0.55 per azione depositaria. Il dividendo sarà corrisposto il 15 ottobre 2024, ai detentori registrati alla chiusura degli affari del 4 ottobre 2024.

Cadiz, fondata nel 1983, si impegna a fornire acqua pulita, affidabile e a prezzi accessibili attraverso varie soluzioni. L'azienda possiede 45.000 acri di terra in California, ha a disposizione 2,5 milioni di acri-piedi di risorse idriche, 220 miglia di infrastrutture dedicate ai tubi e offre tecnologie di filtrazione per il trattamento dell'acqua convenienti.

Cadiz Inc. (NASDAQ: CDZI / CDZIP), una empresa californiana de soluciones de agua, ha anunciado un dividendo trimestral para el tercer trimestre de 2024 en sus acciones preferenciales acumulativas perpetuas de la serie A con un rendimiento del 8.875%. Los tenedores de acciones preferenciales de la serie A recibirán un dividendo en efectivo de $550.00 por cada acción entera, mientras que los tenedores de acciones depositarias (Nasdaq: CDZIP) recibirán $0.55 por acción depositaria. El dividendo se pagará el 15 de octubre de 2024, a los tenedores registrados al cierre de operaciones del 4 de octubre de 2024.

Cadiz, fundada en 1983, se dedica a proporcionar agua limpia, confiable y asequible a través de diversas soluciones. La empresa posee 45,000 acres de tierra en California, tiene 2.5 millones de acre-pies de suministro de agua, 220 millas de activos de tuberías y ofrece tecnología de filtración para tratamiento de agua rentable.

카디즈 Inc. (NASDAQ: CDZI / CDZIP)는 캘리포니아의 물 솔루션 회사로서 2024년 3분기 8.875% 시리즈 A 누적 영구 우선주에 대한 분기 배당금을 발표했습니다. 시리즈 A 우선주의 보유자는 전체 주식당 현금 배당금으로 $550.00을 받게 됩니다, 반면 예치주 보유자는 (Nasdaq: CDZIP) 예치 주식당 $0.55을 받게 됩니다. 배당금은 2024년 10월 15일에 지급될 예정이며, 2024년 10월 4일 업무 종료 시점 기준으로 등록된 보유자에게 지급됩니다.

1983년에 설립된 카디즈는 다양한 솔루션을 통해 깨끗하고 신뢰할 수 있으며 합리적인 가격의 물을 제공하는데 전념하고 있습니다. 이 회사는 캘리포니아에 45,000 에이커의 토지를 보유하고, 250만 에이커 피트의 물 공급량, 220마일의 파이프라인 자산을 보유하며 비용 효율적인 물 처리 필터링 기술을 제공합니다.

Cadiz Inc. (NASDAQ: CDZI / CDZIP), une entreprise californienne de solutions en eau, a annoncé un dividende trimestriel pour le troisième trimestre de 2024 sur ses actions préférentielles cumulatives perpétuelles de série A avec un taux de 8,875 %. Les détenteurs d'actions préférentielles de série A recevront un dividende en espèces de 550,00 $ par action entière, tandis que les détenteurs d'actions de dépôt (Nasdaq: CDZIP) recevront 0,55 $ par action de dépôt. Le dividende sera versé le 15 octobre 2024 aux détenteurs inscrits à la clôture des affaires le 4 octobre 2024.

Cadiz, fondée en 1983, se consacre à fournir de l'eau propre, fiable et abordable par diverses solutions. L'entreprise possède 45 000 acres de terre en Californie, dispose de 2,5 millions d'acres-pieds de ressources en eau, 220 miles d'infrastructures de pipeline et propose des technologies de filtration de traitement de l'eau rentables.

Cadiz Inc. (NASDAQ: CDZI / CDZIP), ein kalifornisches Unternehmen für Wasserkonzepte, hat eine vierteljährliche Dividende für das 3. Quartal 2024 auf seine 8,875% Series A kumulierten ewigen Vorzugsaktien bekannt gegeben. Inhaber von Vorzugsaktien der Serie A erhalten eine Bardividende von $550,00 pro vollständiger Aktie, während Inhaber von Depotaktien (Nasdaq: CDZIP) $0,55 pro Depotaktie erhalten. Die Dividende wird am 15. Oktober 2024 an die im Handelsregister eingetragenen Inhaber zum Schluss der Geschäftstätigkeit am 4. Oktober 2024 ausgezahlt.

Cadiz, gegründet 1983, ist darauf spezialisiert, sauberes, zuverlässiges und erschwingliches Wasser durch verschiedene Lösungen bereitzustellen. Das Unternehmen besitzt 45.000 Acres Land in Kalifornien, verfügt über 2,5 Millionen Acre-Fuß Wasserbedarf, 220 Meilen Pipeline-Anlagen und bietet kostengünstige Wasseraufbereitungstechnologien an.

Positive
  • Declared quarterly dividend for Series A Cumulative Perpetual Preferred Stock
  • Owns 45,000 acres of land in California
  • Possesses 2.5 million acre-feet of water supply
  • Has 220 miles of pipeline assets
Negative
  • None.

Insights

The declaration of a quarterly dividend on Cadiz Inc.'s Series A Cumulative Perpetual Preferred Stock is a routine event that provides a steady income stream for preferred shareholders. The $0.55 per depositary share dividend, equivalent to $550 per whole preferred share, reflects an annual yield of 8.875% based on the preferred stock's terms.

While dividend declarations are generally positive for income-focused investors, this news is unlikely to significantly impact the company's common stock (CDZI). The dividend payment is a predetermined obligation and doesn't provide new insights into the company's financial health or growth prospects.

Investors should note that preferred dividends must be paid before any dividends on common stock, which could impact future common stock dividend potential if the company faces financial constraints. However, Cadiz's water assets and infrastructure position it well in the growing water solutions market, potentially supporting long-term value for both preferred and common shareholders.

LOS ANGELES, Sept. 24, 2024 /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 $550.00 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 $0.55 per depositary share.

The dividend will be paid on October 15, 2024, to applicable holders of record as of the close of business on October 4, 2024.

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, 2023 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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/cadiz-inc-declares-quarterly-dividend-for-q3-2024-on-series-a-cumulative-perpetual-preferred-stock-302257092.html

SOURCE Cadiz, Inc.

FAQ

What is the dividend amount for Cadiz Inc.'s Series A Preferred Stock for Q3 2024?

Cadiz Inc. (CDZI) declared a cash dividend of $550.00 per whole share for its Series A Cumulative Perpetual Preferred Stock for Q3 2024.

When will Cadiz Inc. (CDZI) pay the Q3 2024 dividend for its Series A Preferred Stock?

Cadiz Inc. will pay the Q3 2024 dividend for its Series A Preferred Stock on October 15, 2024, to holders of record as of the close of business on October 4, 2024.

What is the dividend amount for Cadiz Inc.'s depositary shares (CDZIP) for Q3 2024?

Holders of Cadiz Inc.'s depositary shares (CDZIP), each representing a 1/1000 fractional interest in a share of Series A Preferred Stock, will receive a cash dividend of $0.55 per depositary share for Q3 2024.

How much water supply does Cadiz Inc. (CDZI) possess?

According to the press release, Cadiz Inc. (CDZI) possesses 2.5 million acre-feet of water supply.

CADIZ, Inc.

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