Cadiz Inc. Declares Quarterly Dividend for Q3 2025 on Series A Cumulative Perpetual Preferred Stock

Rhea-AI Summary

Cadiz Inc. (NASDAQ: CDZI), a California water solutions company, has declared a quarterly cash dividend for its 8.875% Series A Cumulative Perpetual Preferred Stock. Shareholders will receive $550.00 per whole share, while holders of depositary shares (NASDAQ: CDZIP) will receive $0.55 per depositary share.

The dividend is scheduled for payment on October 15, 2025, to stockholders of record as of October 4, 2025. The company maintains a significant presence in California with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets.

Positive

• Regular dividend payments demonstrate financial stability
• Substantial water infrastructure assets including 45,000 acres and 220 miles of pipeline
• Strong market position in California water solutions industry

Negative

• High dividend rate of 8.875% suggests elevated cost of capital

LOS ANGELES, Sept. 24, 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 $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, 2025, to applicable holders of record as of October 4, 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 Q3 2025?

Cadiz will pay $550.00 per whole share for Series A Preferred Stock and $0.55 per depositary share for CDZIP holders.

When is the Cadiz (CDZI) Q3 2025 preferred stock dividend payment date?

The dividend will be paid on October 15, 2025 to shareholders of record as of October 4, 2025.

What are Cadiz's (CDZI) main water infrastructure assets?

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

What is the dividend yield on Cadiz (CDZI) Series A Preferred Stock?

The Series A Preferred Stock carries an 8.875% cumulative perpetual dividend rate.

How can investors receive the Cadiz (CDZI) preferred stock dividend?

Investors must hold either Series A Preferred Stock or CDZIP depositary shares as of the record date of October 4, 2025 to receive the dividend.