25 Mar Cadiz Declares Quarterly Dividend for Q1 2022 on Series A Cumulative Perpetual Preferred Stock
LOS ANGELES, March 25, 2022 /PRNewswire/ — Cadiz Inc. (Nasdaq: CDZI/CDZIP) (“Cadiz” or the “Company”) today announced that its Board of Directors has declared the following cash dividend on Cadiz’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 approximately $0.55 per depositary share.
The dividend will be paid on April 15, 2022 to respective holders of record as of the close of business on April 4, 2022.