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

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

City Developments Stock Down 3.4%

The stock's 50 day moving average price is $4.08 and its two-hundred day moving average price is $3.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.81.

City Developments Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 6th were issued a $0.0477 dividend. This is a positive change from City Developments's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, May 5th. This represents a dividend yield of 1.25%.

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.

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