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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:||-1.45%|
|Cadiz is a natural resources development company. Co.'s business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. Co.'s portfolio of land and water resource assets is located in proximity to the Colorado River and the Colorado River Aqueduct, the principal source of imported water for Southern California, and provides Co. with the opportunity to participate in a variety of water supply, water storage, and conservation programs with public water agencies and other partners. Co.'s contiguous land in the Cadiz and Fenner valleys of eastern San Bernardino County, CA is zoned for agricultural development. According to our CDZI split history records, CADIZ has had 2 splits.|
|CDZI Split History Table|
|12/18/2003||1 for 25|
|05/26/1992||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