Singapore Telecommunications (OTCMKTS:SGAPY) Sees Large Volume Increase - Time to Buy?

Key Points

• Singapore Telecommunications (OTCMKTS:SGAPY) experienced a 57% increase in trading volume, with 177,342 shares traded at $32.55, up from $32.23 the previous day.
• The company recently announced a dividend increase to $0.7534 per share, yielding 430%, up from $0.66 previously.
• Singapore Telecommunications operates internationally, providing a wide range of telecommunication services through its various business segments, including mobile, data, and managed services.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) shares saw an uptick in trading volume on Thursday . 177,342 shares traded hands during mid-day trading, an increase of 57% from the previous session's volume of 112,966 shares.The stock last traded at $32.55 and had previously closed at $32.23.

Singapore Telecommunications Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.94. The business has a fifty day simple moving average of $32.57 and a 200 day simple moving average of $30.28.

Singapore Telecommunications Increases Dividend

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

Singapore Telecommunications Company Profile

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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