I used to write a fair bit on Starhub here, talking about its high gearing, paying more than net profit for dividends. Turns out a lot of people got so infatuated with it for its high divdends. Especially when the share price is like $2.00 to $3.00.
Probably pat themselves on the back for a job well done.
Its always the stock that could never go wrong. Ultimate dividend stock.
Tonight it announced its full year results. The ultimate dividend stock ends off with another 20 cent dividend. For the 4th year running.
On first glance, revenue is rather predictable. Having so many long term contracts built into their offerings provide shareholders a level of certainty in the free cash flow to pay dividends.
On a full year basis, we see Pay TV and Broadband weakening. Both of these segments are what Starhub was strongest at. Losing the ......