DBS Group (OTCMKTS:DBSDY) Reaches New 1-Year High – Should You Buy?

DBS Group Holdings Ltd (OTCMKTS:DBSDY) shares reached a new 52-week high on Wednesday . The company traded as high as $145.95 and last traded at $138.08, with a volume of 21694 shares trading hands. The stock had previously closed at $137.42.

Wall Street Analyst Weigh In

Separately, Citigroup raised shares of DBS Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 3rd.

DBS Group Trading Up 0.5 %

The firm has a fifty day simple moving average of $134.66 and a two-hundred day simple moving average of $127.90.

DBS Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 8th will be issued a $1.8021 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This is an increase from DBS Group’s previous dividend of $1.64.

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.