DBS predicts that Singtel's total annual dividend per share may increase to 14.9 cents, with a yield of around 6.4%.
$DBS Group Holdings(D05.SG$ Research noted in a report on the same day that the investment, and subsequently the enhanced valuation of the RDC business, validate Singtel’s RDC approach to target mainly hyper-scalers and enterprises to some extent.
The research house added that the S$1.1 billion is part of a broader divestment target of S$6 billion set by Singtel over the next two to three years, to bring its return over invested capital above its average cost of capital.
As a result, consensus is likely to raise total annual dividend per share to 14.9 Singapore cents, at about 6.4 per cent yield, said DBS.
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