Cadiz Sets $550 Quarterly Dividend on 8.875% Preferred Stock
CDZI•Cadiz Inc declared a $550 per share quarterly dividend on its 8.875% Series A Cumulative Perpetual Preferred Stock, or $0.55 per depositary share, payable July 15, 2026 to holders of record July 2, 2026. The payout preserves the fixed 8.875% annual yield for preferred shareholders.
1. Dividend Declaration Details
Cadiz’s Board declared a quarterly cash dividend of $550 per share on its 8.875% Series A Cumulative Perpetual Preferred Stock, equating to $0.55 per depositary share for holders of fractional shares.
2. Record and Payment Schedule
The dividend will be paid on July 15, 2026, to holders of record as of the close of business on July 2, 2026, ensuring timely distribution of cash to eligible shareholders.
3. Series A Preferred Stock Features
The Series A Preferred Stock carries an 8.875% fixed annual dividend rate, is cumulative and perpetual, and is represented by depositary shares each equal to a 1/1000 interest in a full preferred share.
