24 Mar CADIZ INC. DECLARES QUARTERLY DIVIDEND FOR Q1 2023 ON SERIES A CUMULATIVE PERPETUAL PREFERRED STOCK
Posted at 06:33h in Announcements, News, Press Releases 0 Comments
LOS ANGELES, March 24, 2023 – Cadiz, Inc. (NASDAQ: CDZI/CDZIP) (“Cadiz”, 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 14, 2023 to respective holders of record as of the close of business on April 4, 2023.
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