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CADIZ (CDZI) has 2 splits in our CDZI split history database. The first split for CDZI took place on December 18, 2003. This was a 1 for 25 reverse split, meaning for each 25 shares of CDZI owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 40 share position following the split. CDZI's second split took place on May 26, 1992. This was a 1 for 5 reverse split, meaning for each 5 shares of CDZI owned pre-split, the shareholder now owned 1 share. For example, a 40 share position pre-split, became a 8 share position following the split.
When a company such as CADIZ conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.
Looking at the CDZI split history from start to finish, an original position size of 1000 shares would have turned into 8 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CADIZ shares, starting with a $10,000 purchase of CDZI, presented on a split-history-adjusted basis factoring in the complete CDZI split history.
Growth of $10,000.00
Without Dividends Reinvested
|Average Annual Total Return:
|CADIZ is a water solutions provider. Co. owns land with access to groundwater resources in three areas of Southern California's Mojave Desert: the Cadiz Valley, Danby Dry Lake, and the Piute Valley. Co.'s supply, storage and pipeline assets are in San Bernardino County that sits at the crossroads of major highway, rail, energy, and water infrastructure between California's primary water supply systems, the Colorado River Basin and the State Water Project. As a result, Co.'s Cadiz Water Conservation and Storage Project is positioned to assist public water agencies in storing and managing unpredictable water supplies and provide water supplies to underserved areas of California. According to our CDZI split history records, CADIZ has had 2 splits.
|CDZI Split History Table
|1 for 25
|1 for 5
|Utilities Stock Splits
|CDZI is categorized under the Utilities sector; below are some other companies in the same sector that also have a history of stock splits:
Also explore: CDZI shares outstanding history
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