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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cadiz-inc-declares-quarterly-dividend-for-q4-2024-on-series-a-cumulative-perpetual-preferred-stock-302339009.html
SOURCE Cadiz, Inc.
