Shares of Guangdong Investment Limited (OTCMKTS:GGDVY – Get Free Report) were up 2.7% on Thursday . The stock traded as high as $29.35 and last traded at $29.35. Approximately 26 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 2,570 shares. The stock had previously closed at $28.58.
Guangdong Investment Price Performance
The business has a 50 day simple moving average of $28.09 and a 200-day simple moving average of $29.76.
Guangdong Investment Cuts Dividend
The business also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, June 27th will be issued a dividend of $0.7394 per share. The ex-dividend date is Thursday, June 27th. Guangdong Investment’s dividend payout ratio (DPR) is presently 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.
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