Businesstimes posted that StarHub is slashing its dividends for 2019, while earnings for 2018 fell below street forecasts. The telco is switching from a fixed to a variable dividend policy from 2019, and will distribute at least 80 per cent of net profit each year. It intends to pay a quarterly cash dividend of at least 2.25 Singapore cents per share for the 2019 financial year, down from four cents per quarter in 2018.
I do have shares with Starhub, thinking whether to sell it off or to keep. No point holding for dividends since the amount is reducing.
