CDZIP Cadiz, Inc. ADRs of 8.875% Series A Cumulative Perpetual Preferred
Cumulative dividends on the Series A Preferred Stock accrue from, and including, the date of original issuance, in the amount of $2,218.75 per share each year (equivalent to $2.21875 per depositary share each year), which is equivalent to 8.875% of the $25,000.00 liquidation preference per share of the Series A Preferred Stock (equivalent to 8.875% of the $25.00 per depositary share). Dividends on the Series A Preferred Stock will be payable quarterly in arrears, on or about the 15th day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day). At any time on or after July 2, 2026, we may, at our option, redeem the Series A Preferred Stock, in whole or from time to time in part, by paying $25,000.00 per share (equivalent to $25.00 per depositary share), plus any accumulated and unpaid dividends to, but not including, the date of redemption. This security was issued by Cadiz Inc, whose common stock symbol is CDZI.
$16.01 +0.46 (2.96%)
As of 03/24/2023 16:00:00 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Utilities
Industry: Utilities—Regulated Water
Index country: USA
Country of incorporation: USA
IPO date: 07/08/2021
Outstanding shares: 2,000,000
Average volume: 3,941
Market cap: $33,380,000
Current dividend yield: 13.29% calculation
Coupon rate: 8.875%
Cumulative: Yes
Liquidation value: $25.00
Callable after: 07/02/2026
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: