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

Key Points

• Singapore Telecommunications Ltd. saw its shares gap down, opening at $31.23 after closing at $32.64, with a current trading value of $32.35.
• The company has increased its dividend to $0.7534 per share, resulting in a notable dividend yield of 430.0%, up from the previous dividend of $0.66.
• Singapore Telecommunications operates various segments including mobile, fixed voice, data, and digital services, serving customers in Singapore and internationally.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) gapped down prior to trading on Tuesday . The stock had previously closed at $32.64, but opened at $31.23. Singapore Telecommunications shares last traded at $32.35, with a volume of 1,673 shares trading hands.

Singapore Telecommunications Trading Down 0.4%

The company's 50-day simple moving average is $32.61 and its 200 day simple moving average is $30.50. 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 declared 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%. The ex-dividend date was Friday, August 1st. This is an increase from Singapore Telecommunications's previous dividend of $0.66.

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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