CADIZ's Series A Cumulative Preferred Stock Crosses Above 14.5% Yield Territory

In trading on Friday, shares of CADIZ Inc's 8.875% Depositary Shares Series A Cumulative Perpetual Preferred Stock (CDZIP) were yielding above the 14.5% mark based on its quarterly dividend (annualized to $2.20), with shares changing hands as low as $14.16 on the day. As of last close, CDZIP was trading at a 38.60% discount to its liquidation preference amount.