City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $4.04, but opened at $4.30. City Developments shares last traded at $4.30, with a volume of 1,531 shares trading hands.
City Developments Stock Up 7.8%
The company’s 50 day moving average price is $3.90 and its 200-day moving average price is $3.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81.
City Developments Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 6th were issued a $0.0477 dividend. This represents a yield of 1.25%. This is an increase from City Developments’s previous dividend of $0.01. The ex-dividend date of this dividend was Monday, May 5th.
About City Developments
City Developments Limited (CDL) is a leading global real estate company with a network spanning 112 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments.
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