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Cadiz Inc. Declares Quarterly Dividend for Q4 2024 on Series A Cumulative Perpetual Preferred Stock

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Cadiz Inc. (NASDAQ: CDZI) has announced a quarterly dividend declaration for Q4 2024 on its 8.875% Series A Cumulative Perpetual Preferred Stock. Shareholders will receive $560.00 per whole share, while holders of depositary shares (CDZIP) will receive $0.56 per depositary share. The dividend will be paid on January 15, 2025, to holders of record as of January 3, 2025.

The company, founded in 1983, is a California water solutions provider with 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets, focusing on clean water access solutions to address climate change impacts.

Cadiz Inc. (NASDAQ: CDZI) ha annunciato la dichiarazione di un dividendo trimestrale per il quarto trimestre del 2024 relativo alle sue azioni privilegiate cumulative perpetue di serie A con un tasso del 8,875%. Gli azionisti riceveranno $560,00 per ogni azione intera, mentre i possessori di azioni depositarie (CDZIP) riceveranno $0,56 per azione depositaria. Il dividendo sarà pagato il 15 gennaio 2025 agli azionisti registrati al 3 gennaio 2025.

Fondata nel 1983, l'azienda è un fornitore di soluzioni idriche in California con 45.000 acri di terreno, 2,5 milioni di acre-piedi di rifornimento idrico e 220 miglia di beni infrastrutturali per condotte, focalizzandosi su soluzioni per l'accesso all'acqua pulita per affrontare gli impatti del cambiamento climatico.

Cadiz Inc. (NASDAQ: CDZI) ha anunciado la declaración de un dividendo trimestral para el cuarto trimestre de 2024 sobre sus acciones preferentes acumulativas perpetuas de la serie A con un rendimiento del 8.875%. Los accionistas recibirán $560.00 por cada acción completa, mientras que los titulares de acciones depositarias (CDZIP) recibirán $0.56 por acción depositaria. El dividendo se pagará el 15 de enero de 2025 a los titulares registrados hasta el 3 de enero de 2025.

La compañía, fundada en 1983, es un proveedor de soluciones hídrica en California que cuenta con 45,000 acres de terreno, 2.5 millones de acre-pies de suministro de agua y 220 millas de activos de tubería, con un enfoque en soluciones para el acceso a agua limpia para abordar los impactos del cambio climático.

카디스 주식회사 (NASDAQ: CDZI)는 2024년 4분기에 대한 8.875% 시리즈 A 누적 영구 우선주에 대한 분기 배당금 발표를 했습니다. 주주들은 주당 $560.00을 받게 되며, 예탁 주식 보유자(CDZIP)는 예탁 주식당 $0.56을 받게 됩니다. 배당금은 2025년 1월 15일에 지급되며, 2025년 1월 3일 기준으로 등록된 주주들에게 지급됩니다.

1983년에 설립된 이 회사는 캘리포니아의 수자원 솔루션 제공업체로, 45,000 에이커의 토지와 250만 에이커피트의 수자원 공급량 및 220마일의 파이프라인 자산을 보유하고 있으며, 기후 변화 영향을 해결하기 위한 깨끗한 수자원 접근 솔루션에 주력하고 있습니다.

Cadiz Inc. (NASDAQ: CDZI) a annoncé la déclaration d'un dividende trimestriel pour le quatrième trimestre 2024 sur ses actions privilégiées cumulatives perpétuelles de série A, avec un taux de 8,875%. Les actionnaires recevront 560,00 $ par action entière, tandis que les détenteurs d'actions de dépôt (CDZIP) recevront 0,56 $ par action de dépôt. Le dividende sera payé le 15 janvier 2025, aux détenteurs enregistrés au 3 janvier 2025.

Fondée en 1983, l'entreprise est un fournisseur de solutions hydriques en Californie avec 45 000 acres de terre, un approvisionnement en eau de 2,5 millions d'acres-pieds et 220 miles d'actifs de pipeline, se concentrant sur des solutions d'accès à l'eau propre pour faire face aux impacts du changement climatique.

Cadiz Inc. (NASDAQ: CDZI) hat die Erklärung einer vierteljährlichen Dividende für das vierte Quartal 2024 für ihre 8,875% kumulativ unbegrenzte Vorzugsaktien der Serie A bekannt gegeben. Aktionäre erhalten 560,00 $ pro Vollaktie, während Inhaber von Verwahraktien (CDZIP) 0,56 $ pro Verwahraktie erhalten. Die Dividende wird am 15. Januar 2025 an die am 3. Januar 2025 eingetragene Aktionäre ausgezahlt.

Das 1983 gegründete Unternehmen bietet Lösungen für Wasser in Kalifornien an und verfügt über 45.000 Acres Land, 2,5 Millionen Acre-Fuß Wasserressourcen und 220 Meilen Rohrleitungsvermögen, wobei der Schwerpunkt auf Lösungen für den Zugang zu sauberem Wasser zur Bewältigung der Auswirkungen des Klimawandels liegt.

Positive
  • Regular dividend payment demonstrates financial stability
  • Substantial asset base including 45,000 acres of land and 2.5 million acre-feet of water supply
  • Extensive infrastructure with 220 miles of pipeline assets
Negative
  • None.

Insights

The declaration of a $0.56 per depositary share dividend for Q4 2024 on Cadiz's Series A Preferred Stock represents a critical component of the company's capital structure and shareholder returns strategy. The 8.875% Series A Cumulative Perpetual Preferred Stock provides a steady income stream for preferred shareholders, with the full share dividend amount of $560.00 reflecting the 1/1000 fractional interest structure of the depositary shares. The timing of the dividend payment, scheduled for January 15, 2025, aligns with typical quarterly distribution patterns. For context, this dividend commitment demonstrates the company's ability to maintain its preferred dividend obligations, which is particularly notable given Cadiz's position in the capital-intensive water infrastructure sector. The cumulative nature of these preferred shares means any missed dividends must be paid before common stockholders can receive distributions, providing an additional layer of security for preferred shareholders. This regular dividend declaration supports the company's market credibility, especially important given its substantial assets including 45,000 acres of land and 2.5 million acre-feet of water supply.

LOS ANGELES, Dec. 24, 2024 /PRNewswire/ -- Cadiz, Inc. (NASDAQ: CDZI / CDZIP) ("Cadiz," the "Company"), a California water solutions company, today announced that its Board of Directors has declared the following cash dividend on the Company's 8.875% Series A Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock").

Holders of Series A Preferred Stock will receive a cash dividend equal to $560.00 per whole share. Holders of depositary shares, each representing a 1/1000 fractional interest in a share of Series A Preferred Stock (Nasdaq: CDZIP), will receive a cash dividend equal to $0.56 per depositary share.

The dividend will be paid on January 15, 2025, to applicable holders of record as of the close of business on January 3, 2025.

About Cadiz, Inc.
Founded in 1983, Cadiz, Inc. (NASDAQ: CDZI) is a California water solutions company dedicated to providing access to clean, reliable and affordable water for people through a unique combination of water supply, storage, pipeline and treatment solutions. With 45,000 acres of land in California, 2.5 million acre-feet of water supply, 220 miles of pipeline assets and the most cost-effective water treatment filtration technology in the industry, Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access.

For more information, please visit https://www.cadizinc.com

Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "anticipates", "expect", "may", "plan", or "will". Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the Company's expectations regarding payments of dividends in the future. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements. These and other risks are identified in our filings with the Securities and Exchange Commission (the "Commission"), including without limitation our Annual Report on Form 10-K for the year ended December 31, 2023 and our Quarterly Reports on Form 10-Q and other filings subsequently made by the Company with the Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management's assumptions and estimates as of such date. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.

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SOURCE Cadiz, Inc.

FAQ

What is the dividend amount for Cadiz (CDZI) Series A Preferred Stock Q4 2024?

Cadiz Inc. declared a dividend of $560.00 per whole share for Series A Preferred Stock and $0.56 per depositary share (CDZIP) for Q4 2024.

When is the Q4 2024 dividend payment date for Cadiz (CDZI) preferred shares?

The dividend will be paid on January 15, 2025, to holders of record as of January 3, 2025.

What are Cadiz Inc.'s (CDZI) major water infrastructure assets?

Cadiz owns 45,000 acres of land, 2.5 million acre-feet of water supply, and 220 miles of pipeline assets in California.

What is the dividend yield for Cadiz (CDZI) Series A Preferred Stock?

The Series A Preferred Stock has an 8.875% dividend yield rate.

CADIZ, Inc.

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Utilities - Regulated Water
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LOS ANGELES