StarHub's Dividend Bonanza: 6.7% Yield in 2024? | The Investing Iguana π¦
π© In this video, we take a deep dive into StarHub's DARE+ business transformation program and explore its potential impact on the company's future growth and dividends. StarHub has invested heavily in this initiative, with $191 million out of the planned $270 million already spent by the end of 2023. $StarHub(CC3.SI)$
Analysts predict a turning point for StarHub in the second half of 2024, as the company is expected to significantly reduce its capital expenditure and operating costs by transitioning from legacy systems to cloud platforms. This strategic move could lead to a net profit compound annual growth rate of 14-15% from 2023 to 2026.
Moreover, StarHub has committed to paying out at least 6 cents per share or 80% of its underlying net profit in dividends. Analysts estimate a dividend of around 7.9 cents, which translates to an attractive yield of about 6.7%.
The video also covers StarHub's data roaming recovery, which is on track but has yet to reach pre-pandemic levels, and the company's $50 million share buyback program, demonstrating its confidence in its own future performance.
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