Singtel just announce their Q3 quarterly report. There is nothing much different to shout about. Every thing is in order. It won’t collapse it won’t surprise on the upside. I would like to touch on a few things though.

Strong Stable Free Cash Flow Yield and likely increase Dividends.

In their last announcement, the CEO of Singtel indicated that they would like to raise dividends. According to my Dividend Stock Tracker, Singtel currently yields 4.7%. A 10% increase will bring it to 5.1%. Can they do it safely? A look at the 9 months Free Cash Flow shows that they can. Their Full Year 2010 Dividend payment comes up to $2 billion. The current 9 months free cashflow (operating cashflow minus capital expenditure) is $2.8 billion and with 1 more quarter to come. I forecast their full year free cashflow to be around $3.4 billion. ......