DBS Group (OTCMKTS:DBSDY) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• DBS Group shares have surpassed their 50-day moving average, currently trading at $151.76 with a high of $152.00.
• The company recently announced a dividend cut, paying out $0.447 per share, which reflects a significant yield of 508.0%.
• DBS Group operates in various regions, providing commercial banking and financial services primarily in Singapore and Southeast Asia.

DBS Group Holdings Ltd (OTCMKTS:DBSDY - Get Free Report) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $142.92 and traded as high as $152.00. DBS Group shares last traded at $151.76, with a volume of 21,317 shares traded.

DBS Group Stock Down 0.1%

The company's fifty day moving average is $143.86 and its 200 day moving average is $136.48. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.00.

DBS Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th were paid a $0.447 dividend. The ex-dividend date was Monday, May 19th. This represents a 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.