Income: Building the dividend

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This AIM-quoted building products supplier has sharply outperformed AIM with a gain of 18% in 2023. Yet it is still offering a forecast yield of 6% with potential for steady growth in the dividend.

The dividend is covered 2.3 times by forecast earnings. That dividend cover can be rebuilt as the business recovers. The latest acquisition should be immediately earnings enhancing. Improved efficiency and new product launches have helped to hold up profit in a tough time for the construction sect...

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