Dividend cuts. Shares slump by most in three weeks after earnings release Fast forward to today, it is not a given that the Straits Times Index stocks will continue to be the blue-chips that investors know of.And that is why, instead of the Straits Times Index stocks, it would be wiser for investors to be invested in the Straits Times Index ETF which tracks the Singapore stocks index, without the concerns of the business risks faced by the individual Straits Times Index stocks.EIGHT STRAITS TIMES INDEX (STI) STOCKS OVERSOLD: WILL YOU INVEST? SingTel - RHB Invest 2020-05-29: DPS Cut, Weak Start To FY21. Valuations at -1.5SD post-GFC EV/EBITDA mean (-2SD from 5-year mean) are backed by dividend yields exceeding 5%. When I read of the above news, I was rather neutral since I had not invested in Singtel stock before unlike a number of investors who may have liked Singtel stock based on the perception that it is a defensive Singapore stock with a decent dividend yield. SINGAPORE (Oct 14): Citi Research believes there is little likelihood for Singapore Telecommunications (Singtel) to cut FY21 dividends to 13-15 cents/share from the current 17.5 cents/share, despite worries raised by some quarters of the market recently. Dividend cut as firm looks to conserve capital amid pandemic For the financial year ended 31 March 2019, Singtel paid a total ordinary dividend of 17.5 cents per share, comprising an interim dividend of 6.8 cents (paid on 10 January 2019) and a final dividend of 10.7 cents (paid on 15 August 2019). DBS, OCBC, and UOB) cap their FY2020 dividend per share at 60% of their FY2019 amount.In addition, it also recommended that the banks offer shareholders the option to receive their dividend in the form of shares instead of cash (a scrip dividend). its funny how investing . By continuing to use our website, you consent to cookies being used. SINGAPORE (Oct 14): Citi Research believes there is little likelihood for Singapore Telecommunications (Singtel) to cut FY21 dividends to 13-15 cents/share from the current 17.5 cents/share, despite worries raised by some quarters of the market recently. On 29 July 2020, the Monetary Authority of Singapore (MAS) released a statement recommending that Singapore banks (i.e. See our Net income plunged 65% to S$1.08 billion ($761 million) in the year ended March, the company said Thursday in a statement before trading hours. The carrier will pay a 12.25 Singapore cents a share dividend for the year, compared with the company’s previous outlook for 17.5 Singapore cents a share. Singtel paid an interim dividend of 6.8 cents per share (paid on 10 January 2020) for the financial year ending 31 March 2020, amounting to approximately S$1.11 billion. We will update the market at the appropriate time; once there is improved clarity in the operating environment and the Group's prospects. Against a more competitive business backdrop, the cut in dividend yield is not surprising to me.As I have always highlighted, the best run-up of prices of the Straits Times Index stocks might be in the yester-years of fast industrialisation growth of Singapore. While most people view this in fear; I strongly believe this is the right move in such times. All dividends paid after the FY2007 interim ordinary dividends are one-tier exempt dividends without tax credits.To learn more about Singtel's past capital management initiatives - see  Our website uses cookies to improve our site and your online experience. That compares with the S$1.28 billion average of analyst estimates. Singtel Dividend Yields history across the years. Singapore Telecommunications Limited, or Singtel, released its full fiscal year 2020 earnings this morning.The Covid-19 pandemic had a negative impact on mobile service usage due to travel and movement restrictions, leading to lower prepaid and roaming revenue.On the bright side, Singtel recently won one of two provisional licences to deploy 5G technology and infrastructure in Singapore.Singtel's Australian subsidiary, Optus, has already started its 5G rollout last year.Here are four other takeaways from the telco's full-year earnings report.Operating revenue for Singtel declined by 4.8 per cent year on year, to $16.5 billion for the full fiscal year.The full-year results were dragged down by the fiscal fourth quarter, which saw the adverse effects of Covid-19 creeping in.The group experienced broad-based declines in mobile, TV and fixed voice for Singapore, while Australia witnessed lower operating revenue from lower retail fixed and equipment sales revenue, offset slightly by higher contributions from next-generation broadband network (NBN) migration.Weakness in the Australian dollar also contributed to the lower revenue, as constant currency revenue decline would have been just 2 per cent year on year.Higher levels of depreciation resulted in operating profit declining by 7.5 per cent year on year.Underlying net profit (after stripping out exceptional items such as Bharti Airtel's provision for regulatory cost relating to a one-time spectrum charge) declined by 13 per cent year on year due to higher tax expenses.Mobile revenue suffered due to movement restrictions and lockdowns.For Singapore, total mobile revenue fell 7.7 per cent year on year to $2.3 billion.

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