CADIZ's Series A Preferred Stock Crosses Above 17% Yield Territory
May 21, 2024 at 14:29 PM EDT
In trading on Tuesday, shares of CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (CDZIP) were yielding above the 17% mark based on its quarterly dividend (annualized to $2.20), with shares changing hands as low as $12.72 on the day. As of last close, CDZIP was trading at a 48.00% discount to its liquidation preference amount.
