DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume - Still a Buy?

Key Points

• DBS Group Holdings Ltd experienced a significant trading volume increase of 85%, with 95,473 shares changing hands on Monday.
• The company announced an increase in its dividend, paying out $0.4671 per share, which reflects a substantial dividend yield of 498.0%.
• DBS Group maintains a current ratio of 0.87 and a debt-to-equity ratio of 1.00, indicating stable financial health.

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) saw an uptick in trading volume on Monday . 95,473 shares traded hands during mid-day trading, an increase of 85% from the previous session's volume of 51,498 shares.The stock last traded at $160.94 and had previously closed at $161.45.

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 company's 50 day moving average is $154.68 and its two-hundred day moving average is $141.38.

DBS Group Increases Dividend

The company also recently disclosed 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 of this dividend was Monday, August 18th. This is a positive change from DBS Group's previous dividend of $0.45. This represents a dividend yield of 498.0%.

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.