StarHub to maintain FY2020 dividend at nine cents, as 4QFY19 earnings up 115.6%

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SINGAPORE (Feb 20): StarHub delivered on its guidance to pay a 2.25 cents per share dividend for 4QFY2019, bringing its full year payout to nine Singaporean cents.

The company intends to maintain the same payout for the coming year (FY2020), signalling its ability and willingness to reward shareholders, even though it struggles to cut costs and grow new business in a competitive market.

StarHub on Feb 20 reported earnings for 4QFY19 more than doubled by 115.6% y-o-y to S$33.3 million. Revenue in the same period was down 1.8% y-o-y to S$608.4 million.

For the full year (FY19), earnings dropped by 10.9% y-o-y to S$178.6 million, while...(click on link for full story on theedgesingapore.com)