Besides a clearly laid down dividend policy, which will give shareholders a higher FY2025 payout of 17 cents versus 15 cents paid last year, Singtel is also buying back $2 billion worth of shares over three years, as part of the broader bid to improve returns.
Analysts have raised their target prices for Singapore Telecommunications (SGX:Z74
) , along with their "buy" calls, after the telco shifted its capital management plans into "high gear".
The telco has given itself a new target of monetising $9 billion worth of assets over the "medium term", having already reached more than half the original plan of $6 billion.
