A solid income buy

Imagine being able to buy an income share offering a yield of well over 5 per cent and with prospects of the company growing earnings and dividends in double-digit rates in the years to come. And don't for one moment think that the current dividend is not well covered by net earnings. In fact, it was covered a healthy 1.5 times last year and will be in the future, too, because the board has pledged to pay out two-thirds of the earnings as dividends.

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