The last 2 years was a tough one for STE as its stock price fell close to 15% due to worries in the Europe region as well as earnings pressure on their Marine and Aerospace division. Fundamentally STE posted a 1% dropped in revenues as well as a significant 9% drop in earnings per share in which the market had factored in.

However dividends came in as a surprised as it was maintained at 15 cents, the same as last year. I was expecting around 13-14 cents so this year’s payout gave me something to cheer about.

In the CEO statement, there will be challenges in their Land and Marine businesses, but they seem confident in maintaining revenues and profits for FY15. With no indication on dividends for FY15, I’m hoping for the 15 cents to be maintained again. Do note that STE has a dividend policy of paying out …