Singapore Telecommunications (OTCMKTS:SGAPY) Sees Unusually-High Trading Volume After Dividend Announcement

Key Points

• Singapore Telecommunications announced a new dividend of $0.7534, payable on August 26th, representing a yield of 4.3%, up from the previous dividend of $0.66.
• Following the dividend announcement, the company's shares experienced increased trading volume, with 199,255 shares traded, marking an 87% rise from the previous session.
• As of the latest trading session, Singapore Telecommunications' stock price stood at $31.62, having closed at $32.11 the previous day.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) saw an uptick in trading volume on Monday following a dividend announcement from the company. 199,255 shares traded hands during trading, an increase of 87% from the previous session's volume of 106,764 shares.The stock last traded at $31.62 and had previously closed at $32.11.

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

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 50-day simple moving average of $30.78 and a 200 day simple moving average of $27.71.

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.