Guangdong Investment Limited (OTCMKTS:GGDVY – Get Rating) declared a dividend on Friday, June 17th, investing.com reports. Stockholders of record on Monday, June 27th will be paid a dividend of 2.6647 per share on Friday, August 12th. This represents a dividend yield of 6.75%. The ex-dividend date of this dividend is Friday, June 24th.
OTCMKTS GGDVY opened at $55.65 on Thursday. Guangdong Investment has a 12 month low of $55.65 and a 12 month high of $75.10. The company’s fifty day moving average price is $62.33 and its two-hundred day moving average price is $65.20.
Separately, JPMorgan Chase & Co. downgraded shares of Guangdong Investment from an “overweight” rating to a “neutral” rating in a research report on Tuesday.
Guangdong Investment Limited, an investment holding company, engages in water resources, property investment and development, department store operation, energy project operation, road and bridge operation, and hotel businesses. Its Water Resources segment provides water distribution, sewage treatment, infrastructure and water pipeline installation services, as well as constructs water supply and sewage treatment infrastructure in Mainland China and Hong Kong.
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