Singapore Telecommunications (OTCMKTS:SGAPY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Singapore Telecommunications experienced a significant increase in trading volume, with 143,588 shares traded, a 36% rise from the prior session.
• The company has declared a new dividend of $0.7534 per share, boosting its yield to 430.0%, up from the previous dividend of $0.66.
• As of the latest trading session, the stock price was $33.00, with key moving averages indicating a trajectory of growth for the firm.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) saw strong trading volume on Friday . 143,588 shares were traded during mid-day trading, an increase of 36% from the previous session's volume of 105,290 shares.The stock last traded at $33.00 and had previously closed at $33.07.

Singapore Telecommunications Price Performance

The firm's 50-day moving average price is $32.58 and its two-hundred day moving average price is $30.08. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.94.

Singapore Telecommunications Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 4th were given a $0.7534 dividend. This represents a dividend yield of 430.0%. The ex-dividend date of this dividend 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.