Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Down - Time to Sell?

Key Points

• Singapore Telecommunications Ltd. experienced a significant gap down in its share price, opening at $30.01 after closing at $31.43, reflecting market volatility.
• The company has recently announced a dividend increase to $0.7534 per share, offering a dividend yield of 4.3%, up from the previous $0.66.
• Current financial ratios indicate a healthy balance sheet with a debt-to-equity ratio of 0.39 and a current ratio nearing 1, suggesting financial stability.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $31.43, but opened at $30.01. Singapore Telecommunications shares last traded at $31.52, with a volume of 503,422 shares changing hands.

Singapore Telecommunications Stock Down 1.6%

The firm has a 50 day moving average of $30.78 and a two-hundred day moving average of $27.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.98.

Singapore Telecommunications Increases Dividend

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

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.