DBS Group Holdings Ltd (OTCMKTS:DBSDY) to Issue Dividend Increase – $1.80 Per Share

DBS Group Holdings Ltd (OTCMKTS:DBSDY) announced a dividend on Tuesday, March 11th, NASDAQ Dividends reports. Investors of record on Tuesday, April 8th will be paid a dividend of 1.8021 per share by the financial services provider on Monday, April 28th. The ex-dividend date of this dividend is Tuesday, April 8th. This is a 10.1% increase from DBS Group’s previous dividend of $1.64.

DBS Group Stock Performance

DBSDY stock traded down $3.53 during midday trading on Wednesday, reaching $133.00. The company had a trading volume of 57,937 shares, compared to its average volume of 40,123. The stock has a 50 day moving average price of $132.56 and a 200 day moving average price of $125.42. DBS Group has a fifty-two week low of $91.37 and a fifty-two week high of $143.99.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded DBS Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

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.