Cadiz (CDZIP) Expected to Post Earnings on Friday

Cadiz (NASDAQ:CDZIP) is expected to be announcing its results before the market opens on Friday, August 14th. Analysts expect the company to post earnings of ($0.1250) per share and revenue of $3.0660 million for the quarter.

Cadiz Stock Up 1.0%

Shares of NASDAQ:CDZIP opened at $22.37 on Thursday. The firm’s 50-day simple moving average is $22.51 and its 200-day simple moving average is $20.74. Cadiz has a fifty-two week low of $17.51 and a fifty-two week high of $24.78.

Cadiz Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Thursday, July 2nd were given a $0.55 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $2.20 dividend on an annualized basis and a yield of 9.8%.

About Cadiz

Cadiz, Inc (NASDAQ: CDZIP) is a land and water resource management company focused on developing sustainable water supply solutions in Southern California. The company holds approximately 36,000 acres of desert land in the Mojave Basin, where it has pursued the Cadiz Water Project—a plan to capture and convey groundwater to regional municipal and industrial customers. Cadiz oversees the permitting, design, and construction of conveyance infrastructure, including an engineered pipeline and pumping stations.

In addition to its water development activities, Cadiz operates agricultural ventures on its desert holdings, growing crops such as alfalfa while restoring degraded soils and maintaining native habitat.