Some people have expressed disappointment at the final dividend of 15c per share announced by SPH. Some people have expressed disappointment at SPH's business performance. What about me? I am neither disappointed by SPH's final dividend nor its performance because they are within expectations. I have blogged about how we could see an annual DPS of 21c in future from SPH. If this year's interim and final dividends should become the new norm, then a DPS of 22c a year is 1c more than my lowest expectation. I also said that if I could get a dividend yield of 5% by being a shareholder of SPH, why would I be interested in SPH REIT. That was when I revealed that I increased my long position at $4.20 a share. SPH's weaker performance when it comes to revenue from its print businesses has been discussed and, some would say, beaten to death. ......