City Developments (OTCMKTS:CDEVY) Share Price Crosses Below Fifty Day Moving Average - Should You Sell?

Shares of City Developments Limited (OTCMKTS:CDEVY - Get Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.76 and traded as low as $3.75. City Developments shares last traded at $3.75, with a volume of 234 shares trading hands.

City Developments Price Performance

The business's 50 day simple moving average is $3.76 and its 200 day simple moving average is $3.77.

City Developments Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 6th were paid a $0.0477 dividend. The ex-dividend date of this dividend was Monday, May 5th. This represents a yield of 1.25%. This is a boost from City Developments's previous dividend of $0.01.

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.