Singapore Airlines (OTCMKTS:SINGF) Stock Price Down 2.3% – Should You Sell?

Singapore Airlines Limited (OTCMKTS:SINGF)’s share price traded down 2.3% during trading on Friday . The company traded as low as $4.59 and last traded at $4.59. 3,002 shares changed hands during trading, a decline of 45% from the average session volume of 5,466 shares. The stock had previously closed at $4.70.

Singapore Airlines Stock Down 2.3 %

The company has a fifty day simple moving average of $4.72 and a 200-day simple moving average of $4.87.

Singapore Airlines Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th were paid a dividend of $0.10 per share. This represents a yield of 7.57%. The ex-dividend date was Monday, November 25th. Singapore Airlines’s dividend payout ratio (DPR) is presently 122.81%.

Singapore Airlines Company Profile

Singapore Airlines Limited, together with subsidiaries, provides passenger and cargo air transportation services under the Singapore Airlines and Scoot brands in East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa. It operates through The Full-Service Carrier, The Low-Cost Carrier, and Engineering Services segments.