DBS Group (OTCMKTS:DBSDY) Reaches New 1-Year High - Should You Buy?

Key Points

• DBS Group Holdings Ltd reached a new 52-week high of $164.94, with a last traded price of $164.93 during mid-day trading.
• The company recently declared a dividend increase to $0.4671 per share, representing a yield of 498.0%, up from the previous dividend of $0.45.
• DBS Group operates in the commercial banking sector, providing services in locations including Singapore, Hong Kong, and Southeast Asia.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - ) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $164.94 and last traded at $164.93, with a volume of 112342 shares. The stock had previously closed at $160.18.

DBS Group Price Performance

The stock's fifty day moving average price is $151.92 and its 200-day moving average price is $140.23. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00.

DBS Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th were issued a dividend of $0.4671 per share. The ex-dividend date was Monday, August 18th. This represents a dividend yield of 498.0%. This is an increase from DBS Group's previous dividend of $0.45.

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.

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