Many investors view Singtel (SGX: Z74) as a reliable source of dividends. Not only has the blue-chip company been listed since November 1993, but it is also Singapore’s largest telco with a 47.4% share of Singapore’s mobile customer market. Of late, however, Singtel’s dividend track record has been patchy. The telco paid out lower year on year dividends for both fiscal 2020 (FY2020) and FY2021 ending 31 March, going from S$0.175 in FY2019 to S$0.075 in FY2021. Dividends only increased year on year in FY2022 to S$0.093 but remained below FY2020’s S$0.1225. Investors who want exposure to the telcos and Singapore’s next-generation broadband network (NBN) can look to NetLink NBN Trust (SGX: CJLU), or NetLink, instead. NetLink designs, builds, owns and operates the passive fibre network infrastructure of Singapore’s next-generation NBN. The group’s nationwide network provides internet coverage to both residential and non-residential homes in Singapore. A slow but steady increase The group was listed in July 2017, has a 31 March fiscal...