Free Trial

City Developments (OTCMKTS:CDEVY) Reaches New 12-Month High - Time to Buy?

City Developments logo with Finance background

Key Points

  • City Developments Ltd. reached a new 52-week high, trading at $5.84, an increase from its previous close of $5.31.
  • The company announced a dividend of $0.0188 per share, reflecting a substantial dividend yield of 35.0%, with the payment scheduled for September 15th.
  • City Developments operates a diverse portfolio including residences, hotels, and shopping malls across 112 locations in 29 countries, making it one of the largest companies by market capitalization in Singapore.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $5.84 and last traded at $5.84, with a volume of 4457 shares traded. The stock had previously closed at $5.31.

City Developments Stock Performance

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average of $4.69 and a two-hundred day moving average of $4.10.

City Developments Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, August 26th will be given a dividend of $0.0188 per share. The ex-dividend date is Monday, August 25th. This represents a yield of 35.0%.

About City Developments

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in City Developments Right Now?

Before you consider City Developments, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and City Developments wasn't on the list.

While City Developments currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.