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Manx proves to be a reliable income gem
Telecoms and data services supplier Manx Telecom (MANX:AIM) increasingly looks like that market rarity; a reliable high-yielding small cap stock.
The company is the incumbent supplier on the Isle of Man and has built a loyal customer base. Analysts at investment bank Liberum anticipate a full year to 31 December 2017 dividend of 11.5p per share, rising to 12.1p in 2018, implying a 6.1% yield next year.