While it is nowhere near the highest, Johnson believes that Dalrymple Bay Infrastructure (ASX: DBI) is one of the "most sustainable" yielders in the market.
"This is a really predictable, reliable infrastructure asset that is generating a properly regulated return that you're going to get year after year. It's about as low risk as they come," he said.
DBI is up 30% since the article was published while paying 8% dividend. The low risk must have been a turn off for Steve and the stock never made it into the fund....
FOR Price at posting:
$1.27 Sentiment: None Disclosure: Held