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

Key Points

• City Developments Ltd. shares gapped up at market opening on Thursday, rising from a previous close of $5.25 to $5.79, with a trading volume of 908 shares.
• The company recently declared a dividend of $0.0188 per share, with a notable yield of 35.0%, although the dividend was cut.
• City Developments is a leading global real estate company listed on the Singapore Exchange, with a diverse portfolio comprising residences, offices, hotels, and shopping malls across 29 countries.

City Developments Ltd. (OTCMKTS:CDEVY - ) shares gapped up before the market opened on Thursday . The stock had previously closed at $5.25, but opened at $5.79. City Developments shares last traded at $5.79, with a volume of 908 shares trading hands.

City Developments Price Performance

The stock's fifty day simple moving average is $5.19 and its two-hundred day simple moving average is $4.39.

City Developments Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, August 26th were paid a dividend of $0.0188 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a 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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