City Developments (OTCMKTS:CDEVY) Trading Down 4.6% - Should You Sell?

Shares of City Developments Ltd. (OTCMKTS:CDEVY - Get Free Report) traded down 4.6% on Monday . The stock traded as low as $4.15 and last traded at $4.15. 4,414 shares changed hands during trading, a decline of 58% from the average session volume of 10,493 shares. The stock had previously closed at $4.35.

City Developments Stock Performance

The business has a 50-day moving average price of $3.92 and a 200-day moving average price of $3.79. 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 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. This represents a yield of 1.25%. This is an increase from City Developments's previous dividend of $0.01. The ex-dividend date of this dividend was Monday, May 5th.

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.