The distribution of dividends in 2020 was more or less prohibited for banks. But not for asset managers like the DWS Group. The upward movement that began in November has recently stalled and the share is about to make a technical chart decision.
Corona had afflicted DWS in the current year like almost all companies. The inflows of funds turned into the outflows of capital. In the second quarter, however, the turnaround was achieved and the share price picked up again. The dividend payout ratio has also decreased slightly from 70 to 65 percent. This means that DWS is still in its self-set range of 65 to 75 percent of the profit that is to be distributed to the shareholders each year.
The dividend for the last year was paid out in the current month. With 1.67 euros, investors get more than five percent return. This means that the share is well on the way to becoming a dividend stock, even if it has only been listed on the stock exchange for almost two and a half years.
DWS shares are a good choice for conservative investors. Due to the payout ratio set, the dividend should also remain above average in the coming year. Currently, however, the price is testing the downtrend line crossed at the beginning of November at 32.82, which is now serving as support. On the upside, the next resistance is at EUR 35.82.
Invested investors stay with them, a new entry is currently not an issue. The stop at 28.00 euros should be noted.
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