Singapore Exchange Stock Sees Uptick with 1.3% Gain

On a recent Friday, Singapore Exchange Limited (OTCMKTS:SPXCY) saw its shares rise by 1.3% during the mid-day trading session. The company's stock reached a high of $106.92, which was also its price at last trade. Despite the increase, the trading volume experienced a slight dip, with only 1,575 shares changing hands, which is about 1% lower than the usual trading volume of 1,590 shares. Prior to this uptick, the stock had closed at $105.57.

Tracking Stock Performance

Singapore Exchange has been performing steadily with its 50-day moving average sitting at $107.08 and the 200-day moving average slightly lower at $106.78. These averages are indicative of the stock's consistent performance over the medium to long term.

Dividend Increase Announced

In a promising development for shareholders, Singapore Exchange declared an increase in its dividend payout. Shareholders recorded as of Tuesday, February 13th are slated to receive a dividend of $0.9009 on Wednesday, March 6th. This figure marks an increase from the previous dividend of $0.88. The cutoff for the dividend entitlement, known as the ex-dividend date, is set for Monday, February 12th. The company maintains a robust dividend payout ratio of 89.27%.

Company Profile

Singapore Exchange Limited operates as a comprehensive securities and derivatives exchange, encompassing related clearinghouse activities, based in Singapore. The entity is structured across various segments that include Fixed Income, Currencies, and Commodities; Equities; and Data, Connectivity, and Indices. Within these segments, the company offers a range of services, including the provision of trading platforms, the issuance and management of fixed-income securities, as well as services related to clearing and collateral management.

Singapore, Exchange, Stocks