City Developments (OTCMKTS:CDEVY) Stock Price Down 7.4% - What's Next?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) shares fell 7.4% during mid-day trading on Thursday . The stock traded as low as $4.51 and last traded at $4.51. 229 shares traded hands during trading, a decline of 98% from the average session volume of 9,544 shares. The stock had previously closed at $4.87.

City Developments Trading Down 0.4%

The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94. The business has a 50-day moving average price of $4.12 and a 200-day moving average price of $3.87.

City Developments Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Investors of record on Tuesday, May 6th were paid a $0.0477 dividend. The ex-dividend date 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.