City Developments (OTCMKTS:CDEVY) Trading 7.8% Higher - Time to Buy?

City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) traded up 7.8% on Friday . The stock traded as high as $4.35 and last traded at $4.35. 953 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 10,491 shares. The stock had previously closed at $4.03.

City Developments Price Performance

The stock has a 50 day moving average of $3.89 and a 200-day moving average of $3.78. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.94.

City Developments Increases Dividend

The company also recently disclosed 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 of this dividend 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.

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