City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report)'s share price shot up 7.8% during mid-day trading on Friday . The company traded as high as $4.35 and last traded at $4.35. 953 shares changed hands during trading, a decline of 91% from the average session volume of 10,491 shares. The stock had previously closed at $4.03.
City Developments Stock Down 7.8%
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's 50-day moving average is $3.90 and its 200-day moving average is $3.78.
City Developments Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 6th were issued a dividend of $0.0477 per share. The ex-dividend date was Monday, May 5th. This represents a yield of 1.25%. This is a positive change from City Developments's previous dividend of $0.01.
About City Developments
(
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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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