City Developments (OTCMKTS:CDEVY) Trading Down 7.3% - Here's Why

Key Points

• City Developments Ltd. experienced a significant stock price decline of 7.3% on Monday, trading at $5.31.
• The company recently declared and paid a dividend of $0.0188 per share, providing a high dividend yield of 35.0%.
• City Developments is recognized as a leading global real estate company, with a network spanning 112 locations in 29 countries.

City Developments Ltd. (OTCMKTS:CDEVY - )'s stock price fell 7.3% on Monday . The stock traded as low as $5.31 and last traded at $5.31. 746 shares were traded during mid-day trading, a decline of 92% from the average session volume of 8,840 shares. The stock had previously closed at $5.73.

City Developments Stock Performance

The stock has a 50 day moving average price of $5.22 and a 200 day moving average price of $4.41.

City Developments Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, August 26th were paid a dividend of $0.0188 per share. This represents a dividend yield of 35.0%. The ex-dividend date of this dividend was Monday, August 25th.

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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