Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Down - Here's Why

Key Points

• Singapore Telecommunications Ltd. experienced a significant gap down in shares, opening at $30.69, down from the previous close of $31.88.
• The company announced an increase in its dividend, paying a $0.7534 per share, which marks a substantial boost from the previous dividend of $0.66.
• As of the latest data, Singapore Telecommunications shares are trading at $31.05 with a dividend yield of 430.0%.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) gapped down before the market opened on Tuesday . The stock had previously closed at $31.88, but opened at $30.69. Singapore Telecommunications shares last traded at $31.05, with a volume of 206,259 shares changing hands.

Singapore Telecommunications Trading Down 0.1%

The company has a current ratio of 0.98, a quick ratio of 0.94 and a debt-to-equity ratio of 0.39. The firm's fifty day moving average price is $32.58 and its two-hundred day moving average price is $30.25.

Singapore Telecommunications Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 4th were paid a dividend of $0.7534 per share. This represents a dividend 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.

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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