DBS Group (OTCMKTS:DBSDY) Hits 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 - Get Free Report) hit a new 52-week high 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 company has a debt-to-equity ratio of 1.00, a current ratio of 0.87 and a quick ratio of 0.87. The stock's 50 day moving average is $153.27 and its two-hundred day moving average is $140.77.

DBS Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, September 4th. Investors of record on Tuesday, August 19th were paid a $0.4671 dividend. This represents a yield of 498.0%. The ex-dividend date of this dividend was Monday, August 18th. This is a boost 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.