What happened? Recently, we shared about Singapore blue chip stocks paying out consistent dividends. Some investors then asked what were the prospects like for Singtel. After all, Singtel was known to be name that paid out consistent dividends in the past.  This was until the Covid-19 pandemic significantly impacted its profitability and dividend payout. More recently, Singtel had a lacklustre year in 2023 that saw its share price dip by 3.1% to close at S$2.47. Its share price has fallen further this year to reach $2.39 as of 24 January 2024. Source: Beansprout Despite the weakness in its share price, Singtel has started to see some improvement to its profitability. Its recent fiscal 2024’s first half (1H FY2024) saw the group’s underlying net profit rise 11.6% year on year to S$1.1 billion. The interim dividend was also raised by 13% year on year to S$0.052. Singtel has also unveiled a new corporate strategy that could see growth accelerating in the future....