DBS Group (OTCMKTS:DBSDY) Reaches New 52-Week High - What's Next?

Key Points

• DBS Group's stock reached a new 52-week high, trading at $169.75 before closing at $169.29 with a volume of 25,800 shares.
• The company recently announced an increase in its dividend, raising it to $0.4671 per share, representing a notable dividend yield of 498.0%.
• DBS Group offers a range of commercial banking and financial services across several regions, including Singapore, Hong Kong, and Southeast Asia.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - )'s stock price reached a new 52-week high on Wednesday . The company traded as high as $169.75 and last traded at $169.29, with a volume of 25800 shares traded. The stock had previously closed at $164.89.

DBS Group Stock Up 2.7%

The stock's 50 day moving average price is $157.76 and its 200 day moving average price is $143.63.

DBS Group Increases Dividend

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

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