StarHub has demonstrated the effects of its DARE+ strategy and hiked its dividend for its latest earnings. What happened? StarHub has released its 2023 full-year results to much fanfare. The telco is seeing a year-on-year revenue improvement across its divisions with its net profit more than doubling year on year. This comes as Starhub is going through a transformation plan to improve its performance. Investors should also be pleased with Starhub’s dividend payment. StarHub had indicated that it would pay out “at least 5 Singapore cents” in dividends but ended up doing much better. Starhub’s 2023’s total dividend came up to S$0.067, much higher than the stated S$0.05 dividend guidance. The telco’s share price has also done well, rising by 8% over the past month. We explore if the telco can continue to dish out increasing dividends in the years to come. What you need to know about StarHub’s latest earnings #1 – Significantly higher core net profit...