China Overseas Land & Investment (OTCMKTS:CAOVY) Stock Price Up 2.9% – Here’s Why

China Overseas Land & Investment Limited (OTCMKTS:CAOVYGet Free Report) shares rose 2.9% on Thursday . The company traded as high as $9.27 and last traded at $8.7950. Approximately 1,932 shares traded hands during mid-day trading, a decline of 56% from the average daily volume of 4,357 shares. The stock had previously closed at $8.5450.

China Overseas Land & Investment Stock Performance

The business has a 50 day simple moving average of $8.90 and a 200-day simple moving average of $8.81.

China Overseas Land & Investment Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 17th. Stockholders of record on Thursday, September 18th were paid a dividend of $0.1361 per share. This represents a dividend yield of 328.0%. The ex-dividend date of this dividend was Wednesday, September 17th. China Overseas Land & Investment’s dividend payout ratio (DPR) is presently 9.05%.

About China Overseas Land & Investment

(Get Free Report)

China Overseas Land & Investment Limited, an investment holding company, engages in the property development and investment, and other operations in the People's Republic of China and the United Kingdom. The company operates through Property Development, Property Investment, and Other Operations segments.

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