Shares of City Developments Limited (OTCMKTS:CDEVY – Get Rating) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.09 and traded as high as $6.15. City Developments shares last traded at $5.71, with a volume of 1,972 shares.
The firm’s 50 day simple moving average is $6.09 and its 200 day simple moving average is $5.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.60.
The firm also recently declared a dividend, which will be paid on Tuesday, June 21st. Shareholders of record on Monday, June 13th will be paid a dividend of $0.1237 per share. The ex-dividend date is Friday, June 10th. This is an increase from City Developments’s previous dividend of $0.05. This represents a dividend yield of 3.31%.
City Developments Limited (CDL) is a leading global real estate operating company with a network spanning 103 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, integrated developments and shopping malls.
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