DBS Group (OTCMKTS:DBSDY) Sees Strong Trading Volume - Here's Why

Key Points

• DBS Group shares experienced a significant increase in trading volume, with 183,791 shares traded, marking a 257% rise compared to the previous session.
• The company announced a new dividend of $0.4671 per share, with a yield of 498.0%, set to be paid on September 4th.
• DBS Group's stock is currently trading at $156.92, down 1.6% from its previous close of $159.54.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 183,791 shares were traded during trading, an increase of 257% from the previous session's volume of 51,512 shares.The stock last traded at $156.92 and had previously closed at $159.54.

DBS Group Stock Performance

The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00. The firm has a fifty day simple moving average of $149.36 and a 200 day simple moving average of $139.13.

DBS Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, September 4th. Stockholders of record on Tuesday, August 19th will be given a $0.4671 dividend. This is a positive change from DBS Group's previous dividend of $0.45. This represents a dividend yield of 498.0%. The ex-dividend date of this dividend is Monday, August 18th.

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.