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. reports developments tied to its California water solutions business, including the Mojave Groundwater Bank, pipeline conveyance assets, groundwater storage and water filtration for impaired or contaminated sources. News for CDZIP also reflects the security's role as depositary shares, each representing a fractional interest in Cadiz's 8.875% Series A Cumulative Perpetual Preferred Stock.
Recurring company updates include preferred-stock dividend declarations, water infrastructure financing activity, agreements with water agencies and utilities, perchlorate treatment work, land and pipeline project development in the Mojave Desert, and board governance changes.
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.