(Oct 9): The last time Singapore Telecommunications rewarded shareholders with a special dividend, the telco was sitting on a pile of cash generated by healthy operations here and overseas. In FY2011 ended March, the company’s free cash flow swelled 19% y-o-y to a record $4.04 billion. Singtel declared a special dividend of 10 cents a share on top of its final dividend of nine cents and interim dividend of 6.8 cents. Collectively, this amounted to a cash distribution of $4.1 billion.

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