Cadiz Inc. (NASDAQ:CDZIP – Get Free Report)’s stock price dropped 2.4% on Tuesday . The company traded as low as $17.11 and last traded at $17.40. Approximately 2,960 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 8,604 shares. The stock had previously closed at $17.83.
Cadiz Price Performance
The company has a 50 day simple moving average of $18.45 and a 200-day simple moving average of $17.29.
Cadiz Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, April 4th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 12.64%. The ex-dividend date is Friday, April 4th.
Cadiz Company Profile
Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.
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