Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Down - Should You 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) 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.

Singapore Telecommunications Price 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 business has a 50 day moving average of $30.78 and a 200-day moving average of $27.82.

Singapore Telecommunications Increases Dividend

The firm also recently declared a 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%.

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.