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CADIZ's Series A Preferred Stock Yield Pushes Past 13%

In trading on Wednesday, shares of CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (CDZIP) were yielding above the 13% mark based on its quarterly dividend (annualized to $2.24), with shares changing hands as low as $16.99 on the day. As of last close, CDZIP was trading at a 31.00% discount to its liquidation preference amount.

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Cadiz, Inc. (CDZI)