28 Dec '11, 1am

#SMRT shareholders can expect generous dividends for a while yet despite recent breakdowns, say analysts

Commuters at City Hall MRT station waiting to board a train after services resumed on Dec 18. A UBS analyst noted that SMRT's policy is to pay out at least 60 per cent of its after-tax profit, or keep to its absolute dividend payout level. -- ST FILE PHOTO By Goh Eng Yeow, Senior Correspondent SMRT shareholders can look forward to their generous dividends for a while yet despite the transport firm's rocky few weeks with the breakdowns. Analysts believe the company has the financial ability to continue dispensing its traditionally high dividend, even if its maintenance and repair bills escalate. UBS analyst Cheryl Lee noted in a report last Wednesday: 'We believe SMRT's financial ability to maintain its absolute level of dividend per share is high, even if repair costs increase.' Related Links Pressure piles on SMRT In the past two financial years, SMRT has rewarded shareho...

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-3...

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