As most readers are probably aware, StarHub recently announced that it is slashing its dividends for 2019. Starhub is switching from a fixed dividend (4  cents a quarter, translating to a 9% ttm yield) to a variable dividend policy, where it will distribute at least 80% of net profit each year.

The first thought I had when I heard the news, was “What took so long?” Literally everybody in the industry knew that Starhub’s dividend was unsustainable, so the fact that it took them until now to cut it was slightly puzzling, to say the least.

For the record, here’s what I wrote about Starhub last year (and