Guangdong Investment (OTCMKTS:GGDVY) Shares Down 0.5% – Here’s What Happened

Guangdong Investment Limited (OTCMKTS:GGDVY)’s stock price was down 0.5% on Friday . The company traded as low as $42.50 and last traded at $44.20. Approximately 1,442 shares traded hands during trading, an increase of 116% from the average daily volume of 667 shares. The stock had previously closed at $44.4350.

Guangdong Investment Stock Performance

The business’s 50 day simple moving average is $46.96 and its two-hundred day simple moving average is $44.46.

Guangdong Investment Increases Dividend

The company also recently declared a dividend, which was paid on Friday, November 7th. Investors of record on Friday, October 10th were given a dividend of $1.6418 per share. This represents a dividend yield of 484.0%. This is an increase from Guangdong Investment’s previous dividend of $0.39. The ex-dividend date of this dividend was Thursday, October 9th. Guangdong Investment’s payout ratio is 30.15%.

About Guangdong Investment

Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, hotel ownership, energy project operation and management, and road and bridge operation businesses. The company's Water Resources segment provides water distribution, sewage treatment, water pipeline installation and consultancy services, constructs water supply and sewage treatment infrastructure, and sells machineries in Mainland China and Hong Kong.