City Developments Ltd. (OTCMKTS:CDEVY – Get Free Report)’s share price reached a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as $5.54 and last traded at $5.54, with a volume of 1606 shares traded. The stock had previously closed at $5.44.
The newly announced dividend which will be paid on Monday, September 15th. Investors of record on Tuesday, August 26th will be issued a dividend of $0.0188 per share. This represents a yield of 35.0%. The ex-dividend date is Monday, August 25th.
City Developments Stock Performance
The stock has a 50 day moving average price of $4.52 and a two-hundred day moving average price of $4.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.81 and a current ratio of 0.81.
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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