Things are finally looking up for Singtel (SGX: Z74). For the past two years, Singapore’s largest telco had to contend with a variety of headwinds such as a lower roaming revenue, depressed demand for its mobile services, and lower average revenue per user (ARPU). But with borders reopening and air travel restarting, the blue-chip telco is finally seeing some semblance of normalcy. Its recent fiscal 2023’s first half (1H2023) earnings saw a slight 2% year on year improvement in core underlying net profit to S$1 billion. Both its Singapore consumer and Australian unit, Optus, also posted small year on year revenue increases. With the economic recovery gathering steam, can the telco raise its final dividend next year? A dividend turnaround? The telco has been a steady payer of dividends over the years and is recognised as one of the stalwarts for yield-hungry investors. Unfortunately, dividends have been on a steady downtrend since fiscal 2019 (FY2019)....