City Developments (OTCMKTS:CDEVY) Shares Gap Up - Should You Buy?

Key Points

• City Developments Ltd. shares gapped up from $5.31 to $5.50 before the market opened on Monday, indicating a positive market response.
• The company has announced a dividend of $0.0188, which carries a notable yield of 35.0%, to be paid on September 15th.
• City Developments is a significant player in the real estate market with operations in 112 locations across 29 countries, focusing on diverse property types including residences and commercial spaces.

City Developments Ltd. (OTCMKTS:CDEVY - )'s share price gapped up before the market opened on Monday . The stock had previously closed at $5.31, but opened at $5.50. City Developments shares last traded at $5.50, with a volume of 2,328 shares traded.

City Developments Price Performance

The company's 50-day moving average price is $4.57 and its 200-day moving average price is $4.04. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81.

City Developments Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, August 26th will be given a $0.0188 dividend. The ex-dividend date of this dividend is 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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