Welcome to our dedicated page for Cadiz news (Ticker: CDZIP), a resource for investors and traders seeking the latest updates and insights on Cadiz stock.
Cadiz, Inc. Depositary Shares (NASDAQ: CDZIP) provide exposure to Cadiz’s 8.875% Series A Cumulative Perpetual Preferred Stock, which is tied to the company’s water solutions business. The CDZIP news stream is closely connected to announcements from Cadiz, Inc. (CDZI), a California water solutions company focused on water supply, storage, pipeline and treatment solutions supported by land and water assets in the Mojave Desert.
News related to CDZIP often includes board decisions on quarterly cash dividends for the 8.875% Series A Cumulative Perpetual Preferred Stock and the corresponding amounts payable per depositary share. These releases specify that each CDZIP depositary share represents a 1/1000 fractional interest in a preferred share and detail record dates and payment dates for declared dividends.
Beyond dividend declarations, company updates provide context on the business underlying the preferred stock. Press releases and shareholder communications describe progress on the Mojave Groundwater Bank project, development of Northern and Southern pipeline systems for water conveyance, and memoranda of understanding with partners such as EPCOR NR Holdings Inc. for marketing conserved water to Arizona off-takers. Additional news covers agreements with Hoku Energy Limited for a potential clean energy and digital infrastructure project on Cadiz-owned land, as well as activities at Cadiz Ranch.
Investors following CDZIP can also review news about ATEC Water Systems, Cadiz’s wholly owned water filtration subsidiary, including contracts to provide specialized treatment systems for groundwater contaminants like perchlorates in the Rialto-Colton Groundwater Basin. Together, these items give a picture of how Cadiz’s water supply, storage, treatment and infrastructure initiatives may influence the company’s overall financial profile and its ability to support preferred stock dividends. Bookmark this page to monitor dividend announcements, project milestones, partnership agreements and other developments that may be relevant to holders of CDZIP depositary shares.
Cadiz Inc. (NASDAQ: CDZI/CDZIP) announced a public-private partnership to provide 5,000 acre-feet of water annually for 50 years to the Salton Sea Authority and the Torres Martinez Tribe. This initiative includes financing of up to $5 million for water infrastructure improvements on tribal lands. The agreement aims to mitigate water scarcity in California through the Cadiz Water Conservation and Storage Project, adapting existing oil pipelines for water conveyance to benefit disadvantaged communities.
Cadiz Inc. (NASDAQ: CDZI/CDZIP) has declared a cash dividend of $560.00 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock, payable on July 15, 2022, to holders of record as of July 1, 2022. Additionally, depositary shares representing a 1/1000 fractional interest in a share will receive approximately $0.56 per share. This dividend reflects Cadiz's commitment to returning value to its shareholders while focusing on sustainable water and agricultural solutions in California.
Cadiz Inc. (NASDAQ: CDZI/CDZIP) will participate in the B. Riley Securities 22nd Annual Institutional Conference on May 25-26, 2022, in Beverly Hills, California. CEO Scott Slater and Executive Chair Susan Kennedy will deliver a corporate overview during a fireside chat on May 26 at 8:10 A.M. PT, and will meet with investors throughout the conference. The B. Riley event is a key platform for over 200 companies and 1,000 attendees to engage in investment discussions. A presentation will be available post-conference on Cadiz's website.
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Cadiz Inc. (Nasdaq: CDZI/CDZIP) declared a cash dividend of $550.00 per share for its 8.875% Series A Cumulative Perpetual Preferred Stock, with $0.55 per depositary share. The dividend is payable on April 15, 2022, to shareholders of record as of April 4, 2022. Established in 1983, Cadiz focuses on sustainable water and agricultural projects, owning 70 square miles in Southern California and partnering with public water agencies to create a water supply for 400,000 people.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced a registered direct offering of 6.86 million shares at $1.75 each, aiming to raise $12 million. The offering is led by Heerema International Group Services SA, which is investing $5 million and will gain a board observer position. Proceeds will fund working capital and support water supply projects in California. Other participants include Cadiz founder Keith Brackpool and B. Riley Securities. The offering is expected to close on March 23, 2022, without underwriting fees.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced the appointment of Susan Kennedy as executive Chair, succeeding founder Keith Brackpool. Kennedy, with over 30 years of experience in California politics, expressed enthusiasm for leading the company during a critical time for climate action. The company is repurposing a 220-mile pipeline for water transport, addressing California's water supply challenges amidst increasing drought conditions. This project aims to improve water security and has significant implications for sustainable resource management in the region.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) has announced a cash dividend of $560.00 per share on its 8.875% Series A Cumulative Perpetual Preferred Stock, payable on January 18, 2022, to shareholders of record by January 6, 2022. For holders of depositary shares, the dividend will be approximately $0.56 per share. The company continues its commitment to sustainable water and agricultural projects in Southern California, aiming to deliver significant water resources through its upcoming Cadiz Water Project.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) disclosed a new Schedule 13D filed by Heerema International Group Services S.A., which now owns approximately 35% of the company's common stock. Heerema IGS has stated its intention to remain a passive investor. Previously, its shares were held through Hoving & Partners. Cadiz's CEO expressed gratitude for Heerema's support, emphasizing the need for innovative water solutions in California amidst ongoing water shortages. The company is dedicated to enhancing water access through sustainable projects.
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