City Developments Limited (OTCMKTS:CDEVY - Get Free Report)'s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.70 and traded as high as $3.94. City Developments shares last traded at $3.70, with a volume of 1,134 shares trading hands.
City Developments Stock Performance
The company's 50-day simple moving average is $3.70 and its 200 day simple moving average is $3.76.
City Developments Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.0477 per share. This is a boost from City Developments's previous dividend of $0.01. The ex-dividend date of this dividend is Monday, May 5th. This represents a yield of 1.25%.
About City Developments
(
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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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