CADIZ INC. DECLARES QUARTERLY DIVIDEND FOR Q1 2023 ON SERIES A CUMULATIVE PERPETUAL PREFERRED STOCK - Cadiz, Inc.
Cadiz is a publicly-held natural resources company that owns 70 square miles of property and water resources in Southern California. Our mission is to support communities that lack reliable access to clean, affordable water needed for economic growth and an equitable quality of life by improving California’s water transportation network and delivering sustainable water supply and storage solutions while cultivating sustainable farming opportunities.
Cadiz, Water, Agriculture, Sustainable Farming, Cadiz Water Project, Water Resources, Southern California, Hemp
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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 by
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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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