#United States #Los Angeles #Dividend #Preferred Stock #Cadiz Inc.

Cadiz Inc. Declares Quarterly Dividend for Q4 2024

Cadiz, Inc., a recognized leader in California's water solutions sector, recently made headlines with its announcement regarding the dividend for the fourth quarter of 2024. The company's board has declared a cash dividend for holders of its Series A Cumulative Perpetual Preferred Stock, demonstrating its ongoing commitment to providing returns to its investors.

Dividend Details

On December 24, 2024, Cadiz, Inc. revealed that shareholders holding Series A Preferred Stock will receive a cash dividend amounting to $560.00 per whole share. For those holding depositary shares, each of which represents a fractional interest in the Series A Preferred Stock, the dividend will be calculated at $0.56 per depositary share. This dividend is set to be paid on January 15, 2025, to eligible shareholders on record by January 3, 2025.

This announcement indicates that Cadiz Inc. is not only focused on its operational growth but is also committed to enhancing shareholder value, a crucial aspect in the competitive landscape of the water utility industry.

Insight into Cadiz Inc.

Founded in 1983, Cadiz, Inc. has carved out a significant niche in offering innovative solutions for water supply and sustainability. The company operates over 45,000 acres of land in California, coupled with substantial water supply capacity of 2.5 million acre-feet. With a robust network that includes 220 miles of pipeline assets and advanced water treatment filtration technologies, Cadiz is dedicated to addressing the extensive challenges posed by climate change on water access and sustainability.

By integrating water supply, storage, pipeline infrastructure, and treatment solutions, Cadiz demonstrates a comprehensive approach to tackling the pressing issue of clean water access, vital for communities in California and beyond.

Looking Ahead

Cadiz’s recent dividend declaration is reflective of the health of the company and its prospects in the market. As it continues its operations in the water management sector, stakeholders will be keen to see how Cadiz sustains its financial performance and potentially generates more value for shareholders in the future.

Investors and market analysts will undoubtedly keep a close watch on the company's forthcoming periods, particularly its ability to maintain profitable operations while navigating the complexities of environmental concerns and regulatory landscapes.

This announcement is part of Cadiz's broader strategy to ensure a sustainable future while fostering strong relationships with its investors. As climate change continues to impact water resources globally, Cadiz's innovative solutions will be crucial in addressing the water needs of the population.

For more information about Cadiz Inc. and its initiatives, you can visit their official website at Cadiz Inc..

Safe Harbor Statement

This document contains forward-looking statements in accordance with applicable laws. It is important to recognize that such statements involve inherent risks and uncertainties which may cause actual results to differ materially. Cadiz Inc. will not undertake any obligation to publicly update any forward-looking statements, regardless of new information or future developments.