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

Insights

Financial Analyst

Cadiz announced its regular quarterly dividend of $0.56 per preferred share depositary unit, maintaining its consistent 8.875% yield.

The dividend announcement from Cadiz represents a standard quarterly payout on their 8.875% Series A Cumulative Perpetual Preferred Stock. Holders of the CDZIP depositary shares will receive $0.56 per share, while owners of whole preferred shares will receive $560 per share (with each depositary share representing 1/1000th of a whole preferred share).

This dividend aligns perfectly with the expected 8.875% annual yield on the preferred stock, demonstrating Cadiz's commitment to maintaining its dividend obligations. The dividend will be paid on July 15 to shareholders of record as of July 3, keeping with the company's established payment schedule.

For context, Cadiz is a water solutions company with significant assets including 45,000 acres of land in California, 2.5 million acre-feet of water supply, and 220 miles of pipeline infrastructure. While this dividend announcement doesn't provide new insights into the company's operational performance, it signals stability in Cadiz's financial planning and cash flow management, particularly important for holders of the preferred shares who prioritize reliable income.

The consistent dividend payment indicates the company remains able to meet its financial obligations to preferred shareholders, which is especially relevant for a company focused on long-term infrastructure and resource management in the water sector.

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.