Guangdong Investment (OTCMKTS:GGDVY) Stock Price Down 0.5% – Here’s Why

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

Guangdong Investment Price Performance

The business’s fifty day moving average is $46.96 and its 200-day moving average is $44.49.

Guangdong Investment Increases Dividend

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