Singapore Telecommunications (OTCMKTS:SGAPY) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Singapore Telecommunications Ltd. shares fell below their 50-day moving average of $30.78, trading as low as $29.95.
• The company announced an increase in its dividend from $0.66 to $0.7534, which will be paid on August 26, offering a yield of 4.3%.
• Key financial ratios for the company include a current ratio of 0.98 and a debt-to-equity ratio of 0.39.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - Get Free Report) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $30.78 and traded as low as $29.95. Singapore Telecommunications shares last traded at $30.70, with a volume of 37,661 shares.

Singapore Telecommunications Stock Down 0.8%

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 company 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 disclosed 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 is 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.