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Singapore Telecommunications (OTCMKTS:SGAPY) Hits New 1-Year High - What's Next?

Singapore Telecommunications logo with Utilities background

Key Points

  • Singapore Telecommunications Ltd. (SGAPY) reached a new 52-week high of $34.42 during trading, closing at $33.14.
  • The company announced a significant dividend increase to $0.7534 per share, with a yield of 430.0%, reflecting a positive change from the previous dividend.
  • Singapore Telecommunications operates various segments including Optus and Singtel Singapore, providing a wide range of telecommunication services both domestically and internationally.
  • Want stock alerts on Singapore Telecommunications? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.42 and last traded at $33.14, with a volume of 2023 shares. The stock had previously closed at $32.93.

Singapore Telecommunications Trading Up 0.8%

The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. The company has a 50-day moving average of $31.19 and a two-hundred day moving average of $28.70.

Singapore Telecommunications Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 4th will be issued a $0.7534 dividend. This represents a dividend yield of 430.0%. This is a positive change from Singapore Telecommunications's previous dividend of $0.66. The ex-dividend date of this dividend is Friday, August 1st.

About Singapore Telecommunications

(Get Free Report)

Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally. The company operates through Optus, Singtel Singapore, NCS, Digital InfraCo, and Corporate segments. The company provides mobile, equipment sales, fixed voice and data, satellite, ICT and managed services; mobile, fixed voice and data, pay television, content and digital services, ICT as well as equipment sales in Singapore; and provides differentiated and end-to-end technology services to clients through its Gov+, Enterprise, and Telco+ strategic business groups with its NEXT capabilities in digital, data, cloud and platforms, as well as offers applications, infrastructure, engineering and cyber.

Further Reading

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