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So good huh Read here: http://unbrandedbreadnbutter.wordpress.com...he-wrong-track/ SMRT’s Dividend Policy SMRT has a policy that guides it to distribute at least 60% of their profits as dividends. In fact, it has consistently (since 2006) distributed about 75% or more of their profits. For example, in 2010, it earned 10.7c per share and distributed 8.5c as dividend, amounting to almost an 80% distribution of its profits. Hence, if SMRT consistently distributes most of its profits back to its shareholders, how much does it have to to competently maintain, renew, reinvest and innovate on its operations?? Does it then go against the whole purpose of why it was privatised in the first place? In the years when Singapore’s population was booming due to immigration policies, why didn’t SMRT retain and reinvest more of its profits rather than continue to distribute high dividends (and continue to stress the rail systems)??
