Singapore Telecommunications (OTCMKTS:SGAPY) Hits New 52-Week High - Here's What Happened

Key Points

• Singapore Telecommunications reached a new 52-week high of $34.85 during trading, up from the previous close of $33.83, with a volume of 3,945 shares exchanged.
• The company has increased its dividend to $0.7534, marking a significant boost from the prior dividend of $0.66 and yielding an impressive 430.0%.
• Singapore Telecommunications reported a quick ratio of 0.94 and a debt-to-equity ratio of 0.39, indicating its financial stability in the telecommunications sector.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.85 and last traded at $34.85, with a volume of 3945 shares trading hands. The stock had previously closed at $33.83.

Singapore Telecommunications Stock Down 0.7%

The company has a quick ratio of 0.94, a current ratio of 0.98 and a debt-to-equity ratio of 0.39. The stock's 50 day moving average is $32.19 and its 200-day moving average is $29.63.

Singapore Telecommunications Increases Dividend

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

About Singapore Telecommunications

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.

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