City Developments (OTCMKTS:CDEVY) Shares Gap Down - What's Next?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $3.99, but opened at $3.78. City Developments shares last traded at $4.11, with a volume of 19,793 shares trading hands.

City Developments Stock Up 1.3%

The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.81. The company's 50 day moving average is $3.88 and its 200 day moving average is $3.78.

City Developments Increases Dividend

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

City Developments Company Profile

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.