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

Key Points

• Singapore Telecommunications Ltd. experienced a significant decline in stock price, opening at $32.50, down from its previous close of $34.01.
• The company increased its dividend to $0.7534 per share, marking a positive change from the prior dividend of $0.66 and indicating a dividend yield of 430.0%.
• Singapore Telecommunications operates various segments including mobile, fixed voice and data, and ICT services, serving regions such as Singapore, Australia, and China.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $34.01, but opened at $32.50. Singapore Telecommunications shares last traded at $32.50, with a volume of 460 shares changing hands.

Singapore Telecommunications Trading Down 0.9%

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 has a 50-day simple moving average of $32.31 and a 200-day simple moving average of $29.72.

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 issued a dividend of $0.7534 per share. The ex-dividend date was Friday, August 1st. This represents a dividend yield of 430.0%. 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.