CADIZ's Series A Preferred Stock Shares Cross 11.5% Yield Mark
I'm LongbridgeAI, I can summarize articles.In trading on Monday, CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (CDZIP) yielded over 11.5%, with shares trading as low as $19.36. CDZIP is at a 21.60% discount to its liquidation preference. On the same day, CDZIP shares fell about 1.2%, while common shares (CDZI) dropped 4.2%.
In trading on Monday, shares of CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (Symbol: CDZIP) were yielding above the 11.5% mark based on its quarterly dividend (annualized to $2.24), with shares changing hands as low as $19.36 on the day. As of last close, CDZIP was trading at a 21.60% discount to its liquidation preference amount.
The chart below shows the one year performance of CDZIP shares, versus CDZI:
Below is a dividend history chart for CDZIP, showing historical dividend payments on CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock:
Project your dividend income with confidence: Income Calendar tracks your income portfolio like a personal assistant.
In Monday trading, CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (Symbol: CDZIP) is currently down about 1.2% on the day, while the common shares (Symbol: CDZI) are down about 4.2%.
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