Cadiz Inc. (NASDAQ:CDZIP – Get Free Report) announced a quarterly dividend on Thursday, September 21st, Wall Street Journal reports. Stockholders of record on Wednesday, October 4th will be given a dividend of 0.55 per share on Monday, October 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.78%. The ex-dividend date is Tuesday, October 3rd.
Cadiz Price Performance
Shares of NASDAQ CDZIP opened at $15.97 on Monday. Cadiz has a 12-month low of $9.63 and a 12-month high of $17.97. The company’s fifty day simple moving average is $16.14 and its 200 day simple moving average is $16.24.
Insider Buying and Selling at Cadiz
In other news, major shareholder International Group Se Heerema bought 200,000 shares of the stock in a transaction dated Thursday, July 6th. The stock was bought at an average price of $4.00 per share, for a total transaction of $800,000.00. Following the completion of the acquisition, the insider now directly owns 20,713,965 shares in the company, valued at approximately $82,855,860. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cadiz news, Director Maria S. Dreyfus purchased 100,000 shares of the firm’s stock in a transaction on Thursday, July 13th. The shares were purchased at an average cost of $3.50 per share, with a total value of $350,000.00. Following the completion of the purchase, the director now owns 110,791 shares of the company’s stock, valued at approximately $387,768.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder International Group Se Heerema bought 200,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average cost of $4.00 per share, for a total transaction of $800,000.00. Following the completion of the purchase, the insider now owns 20,713,965 shares of the company’s stock, valued at $82,855,860. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 314,000 shares of company stock valued at $1,199,000.
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 Treatment Business segments. It offers clean water solutions, such as water supply, including for agriculture and off-property uses; and water storage, conveyance, and treatment solutions.
See Also
- Five stocks we like better than Cadiz
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Will the Energy Sector Continue to Outshine the Market?
- Investing in the Best Airline Stocks
- MarketBeat Week in Review – 9/25 – 9/29
- Compound Interest and Why It Matters When Investing
- CarMax Slides On Earnings Disappointment, Time To Celebrate?
Receive News & Ratings for Cadiz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadiz and related companies with MarketBeat.com's FREE daily email newsletter.
