DBS Group (OTCMKTS:DBSDY) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• DBS Group Holdings Ltd experienced a significant 201% increase in trading volume, with 152,626 shares traded, closing at $158.00.
• The firm's debt-to-equity ratio stands at 1.00, indicating a balanced approach to leverage, while both current and quick ratios are at 0.87.
• Recently, DBS Group announced a dividend of $0.447 per share, which awarded shareholders a notable yield of 508.0%.

Shares of DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) saw an uptick in trading volume on Friday . 152,626 shares changed hands during mid-day trading, an increase of 201% from the previous session's volume of 50,738 shares.The stock last traded at $158.00 and had previously closed at $154.83.

DBS Group Stock Up 2.0%

The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.00. The business's fifty day simple moving average is $143.86 and its two-hundred day simple moving average is $136.43.

DBS Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were paid a $0.447 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 508.0%.

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.