Malaysian Oxygen Bhd continues to trade near its five-year high on strong support from investors looking for a safe stock with steady dividend income. For the financial year (FY) ended Sept 30, 2005, MOX had paid out all its annual profits to shareholders as dividends. With minimal capital expenditure needed over the next few years, analysts expect MOX's high dividend payout ratio to be sustainable. A Singapore-based research house is projecting a total gross dividend payout of 90 sen per share from MOX in FY2006, up from 88.3 sen previously. This translates to a decent yield of 7.3% at current price levels.
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