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 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.
Cadiz Inc. (Nasdaq: CDZI/CDZIP) announced a cash dividend of $630.00 for each share of its 8.875% Series A Cumulative Perpetual Preferred Stock, and $0.63 per depositary share. The dividend is scheduled for payment on October 15, 2021, to shareholders of record by the close of business on October 5, 2021. Cadiz focuses on sustainable water and agricultural projects in California, managing significant water resources and farming operations.