Welcome to our dedicated page for Cadiz news (Ticker: CDZI), a resource for investors and traders seeking the latest updates and insights on Cadiz stock.
Cadiz Inc. (NASDAQ: CDZI) is a leading water solutions provider developing sustainable water infrastructure projects in California. This page aggregates official company announcements, financial disclosures, and operational updates related to its groundwater banking initiatives, pipeline developments, and water treatment technologies.
Investors and stakeholders will find timely updates on key activities including aquifer management progress, partnership agreements with municipal water districts, and advancements through its ATEC Water Systems subsidiary. All content is sourced directly from company filings and verified press releases.
Regular updates cover essential developments such as water conservation project milestones, infrastructure expansion announcements, and regulatory compliance achievements. The archive serves as a historical record of Cadiz's progress in creating climate-resarve water solutions while maintaining environmental stewardship commitments.
Bookmark this page for direct access to Cadiz's evolving strategy in sustainable water resource management. Check back frequently for new developments regarding the Cadiz Valley Water Project and other initiatives addressing California's water security challenges.
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced the nomination of Maria Jelescu Dreyfus to its Board of Directors. Dreyfus, with over 20 years of strategic and financial expertise, has a significant background from Goldman Sachs and founded Ardinall Investment Management, focusing on clean energy transitions. Her experience spans investments in energy and infrastructure, and she is currently affiliated with multiple corporate boards. Dreyfus emphasizes the critical need for water management in the face of climate change, noting that trillions will be invested to ensure safe drinking water. Her nomination is set for a vote at the annual shareholder meeting in June. This strategic appointment is poised to strengthen Cadiz's position in the clean water solutions sector.
Cadiz, Inc. (NASDAQ: CDZI/CDZIP) announced the completion of three new groundwater wells at Cadiz Ranch, expanding its capacity to 36,000 acre-feet per year (AFY). These wells will support the Northern Pipeline's full volume of 25,000 AFY while aiding current agricultural operations. The project, authorized since 2012, aims to conserve 50,000 AFY for Southern California communities and can store one million acre-feet of surplus water. Recently, the Salton Sea Authority approved a contract securing 5,000 AFY from Cadiz for restoration efforts, enhancing the wellfield's significance in addressing water scarcity amidst continued pressure on the Colorado River system. CEO Scott Slater emphasized the company's role in providing solutions despite ongoing drought conditions.
Cadiz, Inc. (NASDAQ: CDZI, CDZIP) announced a cash dividend for its 8.875% Series A Cumulative Perpetual Preferred Stock. Holders will receive a cash dividend of $550.00 per whole share or approximately $0.55 per depositary share. This dividend will be paid on April 14, 2023, to shareholders on record as of April 4, 2023. The announcement reflects Cadiz's ongoing commitment to providing clean and affordable water solutions in California.
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