If you’ve just received a cheery Christmas postcard from a loved one or friend, you have Singapore Post Limited (SGX: S08), or SingPost, to thank for it. SingPost has been operating for more than 160 years and has evolved into a leading e-commerce logistics player with operations in 15 markets. The group, however, has been facing setbacks as it morphs into a regional logistics and freight management player. Its share price has also done poorly, falling by 21.2% year to date and shrivelling by more than half in the last five years. Back in fiscal 2016 (FY2016 ending 31 March), the postal group was paying out an annual dividend of S$0.07 per share. The following year, the dividend halved to S$0.035 and by FY2021, it had plunged even further to just S$0.011. FY2022 saw a rebound in SingPost’s total dividend to S$0.018, but investors may be wondering if the group can restore its dividend to its former glory. A weak set of earnings...