Starhub used to be a darling stock for most dividend investors. With a generous track record over a decade of paying out a relatively high dividend yield, its business is also fairly defensive and recession-proof.

There have been a few good articles about Starhub’s recent slash in dividends, which you can read here, here and here. In this post, I’ll be looking at the red flags that signalled this impending dividend cut as well as whether this drop could present a buying opportunity for Starhub right now.

Here’s Starhub’s historical dividend payouts:

Year Dividends Paid (SGD) Yield
2016 0.20 7.09%
2015 0.25 8.87%
2014 0.20 7.09%
2013 0.20 7.09%
2012 0.20 7.09%
2011 0.20 7.09%
2010 0.20 7.09%
2009 0.185 6.56%
2008 0.18 6.38%
2007 0.15 5.32%
2006