Singapore Telecommunications (OTCMKTS:SGAPY) Shares Pass Below Fifty Day Moving Average - Here's Why

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)'s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Singapore Telecommunications Trading Up 2.8%

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 stock's 50 day moving average is $30.78 and its 200 day moving average is $27.89.

Singapore Telecommunications Increases Dividend

The company 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. This is an increase from Singapore Telecommunications's previous dividend of $0.66. This represents a dividend yield of 430.0%. The ex-dividend date is Friday, August 1st.

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.