City Developments (OTCMKTS:CDEVY) Shares Gap Up - Here's What Happened

Key Points

• City Developments' stock price gapped up from $5.27 to $5.64 prior to trading on Wednesday, with a trading volume of 1,816 shares.
• The company recently cut its dividend, with a payment of $0.0188 to stockholders of record on August 26th, representing a high dividend yield of 35.0%.
• City Developments Limited is a leading global real estate company with a diverse portfolio that includes residences, offices, hotels, and shopping malls across 112 locations in 29 countries.

City Developments Ltd. (OTCMKTS:CDEVY - )'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $5.27, but opened at $5.64. City Developments shares last traded at $5.64, with a volume of 1,816 shares trading hands.

City Developments Price Performance

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 $5.05 and its two-hundred day moving average is $4.27.

City Developments Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, August 26th were paid a $0.0188 dividend. The ex-dividend date was Monday, August 25th. This represents a dividend yield of 35.0%.

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.

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