Cadiz, Inc. Depositary Shares - CDZIP STOCK NEWS

Welcome to our dedicated page for Cadiz Depositary Shares news (Ticker: CDZIP), a resource for investors and traders seeking the latest updates and insights on Cadiz Depositary Shares stock.

Cadiz Inc is a land and water resource development company in California. Its primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture. The company focuses on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project which will capture and conserve native groundwater currently being lost to evaporation from the aquifer system beneath the property of Cadiz and Fenner valleys of eastern San Bernardino County, and deliver it to water providers throughout Southern California. The company operates in two segment- Land and Water Resources and ATEC Water Systems LLC.

The Company maintains an organic agricultural operation at its primary property in the Cadiz Valley and manages the largest desert tortoise land conservation bank in California. Cadiz is dedicated to providing access to clean, reliable, and affordable water for people through a unique combination of water supply, storage, pipeline, and treatment solutions. The company offers a full suite of solutions to address the impacts of climate change on clean water access.

05/10/2024 09:00 AM

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Cadiz';s Chairman and CEO Susan Kennedy to Host Corporate Overview Investor Call

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Cadiz, Inc. (NASDAQ: CDZI) announced a Corporate Overview Investor Call to be held on May 16, 2024, hosted by Susan Kennedy, Chairman and CEO, featuring prepared remarks and a Q&A session. The company will also participate in the B. Riley Investor Conference on May 22 - 23, 2024. Cadiz, founded in 1983, provides water solutions in California, focusing on water supply, storage, pipeline, and treatment solutions.

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05/09/2024 09:00 AM

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Cadiz Engages MZ Group to Enhance Strategic Investor Relations Program

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Cadiz, Inc. engages MZ Group to enhance investor relations program amidst strategic developments, led by Susan Kennedy. Recent Form 4 filing reveals CEO's purchase of CDZI shares, aligning with shareholders. MZ to bolster capital markets strategy as Cadiz focuses on valuable water assets, infrastructure, and technologies to address water access issues.

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04/24/2024 09:15 AM

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Cadiz Announces Water Supply Agreement with Solstra Communities to Support Bold Attainable Housing in Santa Barbara County

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Cadiz, Inc. announces a water supply agreement with Solstra Communities to support the development of 4,000 homes for working families in California. The innovative 'Solomon Hills' project aims to provide housing for military and working families near Vandenberg Space Force Base. This agreement marks Cadiz's first venture into providing water supply for housing development, with 65% of their Northern Pipeline capacity now under contract.

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03/22/2024 08:45 AM

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Cadiz Inc. Declares Quarterly Dividend for Q1 2024 on Series A Cumulative Perpetual Preferred Stock

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Cadiz, Inc. (NASDAQ: CDZI/CDZIP) declares a cash dividend on its 8.875% Series A Cumulative Perpetual Preferred Stock. Holders will receive $550.00 per whole share or approximately $0.55 per depositary share. The dividend payout is scheduled for April 15, 2024.

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03/06/2024 08:30 AM

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Cadiz Closes Financing, Secures Development Capital For Water Supply Projects

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Cadiz, Inc. secures a $57 million credit agreement, with $20 million allocated for water supply project development in Southern California. The financing strengthens the company's financial position, extends debt maturities, and receives strong support from shareholders and lenders, notably Heerema International Group Services SA.

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03/01/2024 09:15 AM

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Cadiz Inc. Announces Appointment of Barbara Lloyd to its Board of Directors

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Cadiz, Inc. appoints Barbara Lloyd, a seasoned professional in project finance and infrastructure financing, to its Board of Directors. Lloyd's extensive experience in public-private partnerships and innovative financing strategies will be instrumental as Cadiz ventures into water infrastructure projects.

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02/21/2024 08:30 AM

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Cadiz, Inc. and Heerema IGS Announce Financing Agreement to Drive Growth

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Cadiz, Inc. announces a new financing agreement with Heerema International Group Services BV to acquire a $21.2 million Senior Secured Loan and provide an additional $20 million for capital investments. The agreement extends the Maturity Date of the combined loan to 6/30/2027, with no debt due prior to 2027. Heerema's support aligns with Cadiz's strategic objectives, focusing on clean water infrastructure solutions.

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02/01/2024 08:00 AM

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City of Adelanto to Join Mojave Basin "One Water" Plan

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Cadiz, Inc. announced that the City of Adelanto, California has signed a Letter of Intent with Fenner Gap Mutual Water Company to join Victor Valley water agencies in developing an integrated water management and infrastructure investment plan for the Mojave Basin region. This collaboration aims to improve the reliability and quality of local water supplies through the Cadiz Water Conservation, Supply, and Storage Project. The project will provide 25,000 acre-feet of water to the City of Adelanto, with the goal of creating a sustainable, reliable water supply strategy for the Mojave Basin. The 'One Water' regional planning process will allow pooling of resources to manage water supplies and efficiently invest in water infrastructure that benefits the whole region.

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01/26/2024 09:47 AM

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Fenner Gap and Victor Valley Water Agencies Launch "One Water" Plan

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Cadiz, Inc. announced a partnership between Fenner Gap Mutual Water Company and Victor Valley Wastewater Reclamation Authority to develop a coordinated investment strategy for water infrastructure in San Bernardino County's Mojave Basin region. The 'one water' plan aims to integrate public, private, and multi-agency financing resources to improve water quality and increase reliability of local water supplies. The plan includes recycled water from VVWRA's wastewater treatment plants and water supplies from Cadiz to create a regional water management strategy. The collaboration also involves other local agencies to expand pipeline and distribution facilities, advanced water treatment, and collaborative recharge basins to capture storm water and manage imported water supplies.

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12/22/2023 09:48 AM

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Cadiz Inc. Declares Quarterly Dividend for Q4 2023 on Series A Cumulative Perpetual Preferred Stock

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Cadiz, Inc. (NASDAQ: CDZI, NASDAQ: CDZIP) declares a cash dividend of $560.00 per whole share for its 8.875% Series A Cumulative Perpetual Preferred Stock and approximately $0.56 per depositary share, to be paid on January 15, 2024, to respective holders of record as of January 4, 2024.

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FAQ

What is the current stock price of Cadiz Depositary Shares (CDZIP)?

The current stock price of Cadiz Depositary Shares (CDZIP) is $16.201 as of November 4, 2024.

What is the primary business of Cadiz Inc?

Cadiz Inc acquires and develops land with water resources for various uses, including groundwater supply, groundwater storage, and agriculture.

What is the Cadiz Valley Water Conservation, Recovery and Storage Project?

It aims to capture and conserve native groundwater currently being lost to evaporation and deliver it to water providers throughout Southern California.

What is the approach of Cadiz toward providing water solutions?

Cadiz focuses on a unique combination of water supply, storage, pipeline, and treatment solutions to address the impacts of climate change on clean water access.

What projects are Cadiz involved in apart from the Cadiz Valley Water Project?

The company operates in two segments- Land and Water Resources and ATEC Water Systems LLC.

What makes Cadiz unique in the water resource sector?

Cadiz offers a full suite of solutions to address the impacts of climate change on clean water access and maintains an organic agricultural operation.