Singapore Telecommunications (OTCMKTS:SGAPY) Stock Passes Below 50-Day Moving Average - Here's What Happened

Key Points

• Singapore Telecommunications (OTCMKTS:SGAPY) shares fell below their 50-day moving average of $32.95, trading as low as $32.55 before closing at $32.70.
• The company recently declared a dividend of $0.7534, reflecting a yield of 430.0%, up from its previous dividend of $0.66.
• Singapore Telecommunications has a debt-to-equity ratio of 0.39, and its quick and current ratios are 0.94 and 0.98 respectively, indicating financial stability.

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY - )'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $32.95 and traded as low as $32.55. Singapore Telecommunications shares last traded at $32.70, with a volume of 22,991 shares changing hands.

Singapore Telecommunications Stock Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.94 and a current ratio of 0.98. The business has a 50-day moving average price of $32.95 and a 200-day moving average price of $30.96.

Singapore Telecommunications Increases Dividend

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

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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