Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Up - Here's What Happened

Key Points

• Singapore Telecommunications shares opened at $34.76 after closing at $33.74, reflecting a increase of 1.7%.
• The company recently increased its dividend to $0.7534, up from the previous dividend of $0.66, marking a significant improvement.
• Singapore Telecommunications maintains a debt-to-equity ratio of 0.39, indicating a solid financial position relative to its equity.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - ) gapped up prior to trading on Friday . The stock had previously closed at $33.74, but opened at $34.76. Singapore Telecommunications shares last traded at $34.41, with a volume of 3,475 shares changing hands.

Singapore Telecommunications Stock Up 1.7%

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.98 and a quick ratio of 0.94. The stock has a fifty day moving average price of $32.41 and a two-hundred day moving average price of $29.80.

Singapore Telecommunications Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, August 4th were issued a $0.7534 dividend. This is a positive change from Singapore Telecommunications's previous dividend of $0.66. The ex-dividend date was Friday, August 1st. This represents a dividend yield of 430.0%.

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.

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