DBS Group (OTCMKTS:DBSDY) Sets New 52-Week High - Should You Buy?

Key Points

• DBS Group Holdings Ltd recently hit a new 52-week high share price of $170.92, closing at $162.90 with a trading volume of 5069 shares.
• The company declared a dividend of $0.4671 per share, marking an increase from the previous dividend of $0.45, resulting in a yield of 498.0%.
• DBS Group provides a variety of financial services, including consumer banking and wealth management, in regions such as Singapore, Hong Kong, and Southeast Asia.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - )'s share price reached a new 52-week high on Wednesday . The stock traded as high as $170.92 and last traded at $162.90, with a volume of 5069 shares changing hands. The stock had previously closed at $162.28.

DBS Group Stock Performance

The firm's 50-day simple moving average is $159.34 and its 200 day simple moving average is $144.57.

DBS Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, September 4th. Shareholders of record on Tuesday, August 19th were given a dividend of $0.4671 per share. This represents a yield of 498.0%. This is an increase from DBS Group's previous dividend of $0.45. The ex-dividend date of this dividend was 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.

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