City Developments (OTCMKTS:CDEVY) Sets New 52-Week High - Should You Buy?

Key Points

• City Developments Ltd. (CDEVY) reached a new 52-week high of $4.98 during trading, closing at $4.86 with a trading volume of 28,184 shares.
• The company recently declared a dividend of $0.0477, representing a yield of 1.25%, an increase from the previous dividend of $0.01.
• City Developments operates globally with a diverse portfolio across 112 locations in 29 countries, including residential, office, hotel, and shopping mall properties.
• The company's financial health includes a debt-to-equity ratio of 0.94 and moving averages of $4.10 (50-day) and $3.86 (200-day).

Shares of City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $4.98 and last traded at $4.86, with a volume of 28184 shares trading hands. The stock had previously closed at $4.71.

City Developments Trading Down 0.4%

The stock's 50 day simple moving average is $4.15 and its two-hundred day simple moving average is $3.88. 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 declared a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 6th were issued a $0.0477 dividend. The ex-dividend date was Monday, May 5th. This is a boost from City Developments's previous dividend of $0.01. This represents a yield of 1.25%.

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.