The management has mentioned during the financial result for Full year 2018 that the company likely to maintain its ordinary dividends at 17.5 cents per share for the next two financial years.
Quote: Dividend Policy Singtel is committed to delivering dividends that increase over time with growth in underlying earnings. Its dividend payout ratio is between 60% and 75% of underlying net profit. Singtel is also committed to maintaining an optimal capital structure and investment credit grade ratings.
Barring unforeseen circumstances, it expects to maintain its ordinary dividends at 17.5 cents per share for the next two financial years and thereafter revert to the payout ratio of between 60% to 75% of its underlying net profit.
For the past 5 years track record , its FCF has no problem to maintain in supporting the dividend payout policy . I am looking to add at 2.90 and below .
Not a call to buy or sell.
Pls dyodd.
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