LOS
ANGELES, June 23, 2023 /PRNewswire/ -- Cadiz Inc.
(NASDAQ: CDZI/CDZIP) ("Cadiz", the "Company") today announced that
its Board of Directors has declared the following cash dividend on
Cadiz'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 approximately
$0.56 per depositary share.
The dividend will be paid on July 14,
2023 to respective holders of record as of the close of
business on July 3, 2023.
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 variety of innovative water supply, storage,
conveyance and treatment projects. For more information, please
visit 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
Commission, including without limitation our Annual Report on Form
10-K for the year ended December 31,
2022 and our Quarterly Report on Form 10-Q for the fiscal
quarter ended March 31, 2023, and in
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.