Shares of City Developments Limited (OTCMKTS:CDEVY – Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $3.70 and last traded at $3.75, with a volume of 6582 shares. The stock had previously closed at $3.89.
City Developments Stock Down 3.5 %
The company has a 50 day simple moving average of $4.21 and a 200-day simple moving average of $4.41.
City Developments Increases Dividend
The company also recently announced a dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 6th were paid a $0.0523 dividend. This is a boost from City Developments’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, May 3rd.
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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