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Singapore Telecommunications (OTCMKTS:SGAPY) Sees Strong Trading Volume - What's Next?

Singapore Telecommunications logo with Utilities background

Key Points

  • Singapore Telecommunications Ltd. experienced a 225% increase in trading volume, with 324,036 shares traded compared to 99,761 in the previous session.
  • The company recently declared a dividend of $0.7534 per share, an increase from the previous dividend of $0.66, resulting in a substantial yield of 430.0%.
  • Currently, the stock is trading at $34.25, reflecting a slight increase from its previous close of $34.00.
  • MarketBeat previews top five stocks to own in October.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 324,036 shares traded hands during trading, an increase of 225% from the previous session's volume of 99,761 shares.The stock last traded at $34.25 and had previously closed at $34.00.

Singapore Telecommunications Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.98. The company's 50 day simple moving average is $32.46 and its 200 day simple moving average is $29.89.

Singapore Telecommunications Increases Dividend

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

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.

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