As SATS released its full results on Friday, it also concluded the Q2 reporting season of all the 63 companies on my watchlist. About 60% of them declared dividends and the total amount of dividend declared is 10% more than that of Q1. Out of these 60%, 10% was disappointments, 20% brought upside surprises while 30% were within expectations.
The major disappointments were Starhub and SPH.Starhub’s dividend dropped from 4 to 2.5 cents. It is now that I found that Starhub had changed their dividend policy from a fixed one to a variable one where it will distribute 80% of net profit each year. 2.5 cents is the result of the change.
Dividend of SPH also dropped from 6.0 to 5.5 cents. Less drastic but still painful.
This 5.5 cents is the lowest dividend that they had declared in Q2 for the last 15 years. It really reflected the tough
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