Cadiz (NASDAQ:CDZIP) Trading 1.7% Higher – What’s Next?

Shares of Cadiz Inc. (NASDAQ:CDZIP) shot up 1.7% during mid-day trading on Monday . The stock traded as high as $18.50 and last traded at $18.40. 22,063 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 30,678 shares. The stock had previously closed at $18.10.

Cadiz Stock Performance

The stock has a 50-day moving average of $17.09 and a 200-day moving average of $15.98.

Cadiz Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.56 per share. This is a positive change from Cadiz’s previous quarterly dividend of $0.55. This represents a $2.24 annualized dividend and a dividend yield of 12.44%. The ex-dividend date of this dividend was Friday, January 3rd.

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.