DBS Group Holdings Ltd (OTCMKTS:DBSDY) Plans Dividend Increase - $1.80 Per Share

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) announced a dividend on Tuesday, March 11th, NASDAQ Dividends reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 1.8021 per share by the financial services provider on Monday, April 28th. The ex-dividend date is Tuesday, April 8th. This is a 10.1% increase from DBS Group's previous dividend of $1.64.

DBS Group Stock Up 0.6 %

Shares of DBS Group stock traded up $0.79 during trading hours on Friday, reaching $133.27. 26,632 shares of the company were exchanged, compared to its average volume of 40,197. DBS Group has a 1 year low of $92.94 and a 1 year high of $143.99. The stock's fifty day moving average is $132.89 and its 200 day moving average is $125.69.

Analysts Set New Price Targets

Separately, Citigroup raised DBS Group from a "hold" rating to a "strong-buy" rating in a report on Friday, January 3rd.

DBS Group Company Profile

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.