DBS Group (OTCMKTS:DBSDY) Shares Cross Above 50-Day Moving Average - Here's What Happened

Key Points

• DBS Group Holdings Ltd shares surpassed their 50-day moving average of $159.64, trading as high as $161.96, and closing at $160.96 with a volume of 51,762 shares.
• The company declared a dividend of $0.4671 per share, a notable increase from the previous dividend of $0.45, with a yield of 498.0%.
• DBS Group provides a wide range of banking and financial services across Singapore, Hong Kong, and other regions in Asia and internationally.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - ) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $159.64 and traded as high as $161.96. DBS Group shares last traded at $160.96, with a volume of 51,762 shares changing hands.

DBS Group Stock Down 0.0%

The firm's fifty day moving average price is $159.64 and its 200-day moving average price is $144.84.

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 paid a dividend of $0.4671 per share. This represents a yield of 498.0%. The ex-dividend date of this dividend was Monday, August 18th. This is an increase from DBS Group's previous dividend of $0.45.

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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