Iggy's Journal: The Question I Keep Getting About Singtel's Dividend
Iggy's Journal: The Question I Keep Getting About Singtel's Dividend
8 September 2026, PM
Podcast Release
Not the freshest news, Singtel's dividend increase happened a while back now, but it's one of the questions I keep getting asked, so figured it was worth actually sitting down and answering properly rather than letting it go unaddressed. New video's up on it.
The short version, Singtel's headline dividend is 18.5 cents, but not all of it comes from the same place. Strip out the portion tied to asset sales rather than core telecom earnings, and the number left over yields 2.94%, well under my 4.7% hurdle for income holdings. Even counting the full 18.5 cents, asset sale money included, you're still at 4.06%, short by 64 basis points. Two different numbers, and which one you should actually care about for income planning is the real question the video digs into.
My Personal Take
This is one of those topics where the honest answer isn't satisfying, there's no clean "it's fine" or "it's not fine," it depends entirely on what you bought it for and at what price. If you've held Singtel for years, your yield on cost tells a completely different story than what a new buyer's looking at today. Worth the watch if you've been holding this one and haven't actually pulled apart where the dividend's coming from.
📺 YouTube: https://youtu.be/PESNiMETsfY
📩 Substack: https://investingiguana.com/p/singtel-raised-its-dividend-to-185
Not financial advice. Iggy's Forensic Compliance Standards apply.
Cheers, Iggy 🦖
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