Singapore Stock Market News

Vicom Limited - Positive dividend surprise

StockFanatic
Publish date: Tue, 10 Feb 2015, 02:34 PM
StockFanatic
0 10,453
Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.

Results in-line
Vicom continued to perform as expected. FY14 revenue of S$108.2m (+3% yoy) formed 99% of our revenue estimate, while net profit of S$30.1m (+6% yoy) formed 100% of our net income projection for FY14. However, the declaration of a final dividend of 8.75 Scts plus 9.5 Scts special dividends, surprised us on the upside as we were previously expecting only 5 Scts of special dividends. This brings Vicom's FY14 full year DPS to 27 Sct (payout ratio of 79.4%) vs. 22.5 Scts for FY13 (payout ratio of 70%).
Read more »
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment