Shares of Guangdong Investment Limited (OTCMKTS:GGDVY – Get Free Report) shot up 9.1% during mid-day trading on Tuesday . The company traded as high as $39.03 and last traded at $39.03. 144 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 184 shares. The stock had previously closed at $35.77.
Guangdong Investment Stock Performance
The stock has a fifty day simple moving average of $38.42 and a 200 day simple moving average of $34.22.
Guangdong Investment Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Monday, February 24th were paid a dividend of $0.2056 per share. This represents a yield of 6.58%. The ex-dividend date of this dividend was Friday, February 21st. Guangdong Investment’s dividend payout ratio (DPR) is presently 30.15%.
Guangdong Investment Company Profile
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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