DBS Group Holdings Ltd (OTCMKTS:DBSDY) Announces Dividend Increase - $0.47 Per Share

Key Points

• DBS Group Holdings Ltd has announced a dividend increase to $0.47 per share, up from $0.45, representing a 4.5% increase in their dividend payout.
• The ex-dividend date is set for August 18th, with the dividend payment scheduled for September 4th.
• DBS Group stock has seen a trading range with a twelve-month low of $106.86 and a high of $162.45, currently opening at $158.39.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) announced a dividend on Saturday, August 16th, investing.com reports. Investors of record on Tuesday, August 19th will be given a dividend of 0.4671 per share by the financial services provider on Thursday, September 4th. This represents a dividend yield of 498.0%. The ex-dividend date is Monday, August 18th. This is a 4.5% increase from DBS Group's previous dividend of $0.45.

DBS Group Stock Up 1.1%

Shares of OTCMKTS:DBSDY traded up $1.7120 during mid-day trading on Thursday, reaching $157.4620. The stock had a trading volume of 34,935 shares, compared to its average volume of 50,701. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. DBS Group has a 1 year low of $106.86 and a 1 year high of $162.45. The business's 50 day moving average price is $146.68 and its 200 day moving average price is $137.92.

About DBS Group

DBS Group Holdings Ltd provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. The company's Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.