"Dividends are payed out of operating profits and not debt...

"Dividends are payed out of operating profits and not debt funded like others.High rates of r.o.e and increasing n.t.a. and book values over the years."

Sorry not from "ebit" correction this should read as follows:

Dividends are payed out of the companies cash profits which is a positive for moc and not debt funded like some listed companies who continue to go down this path i.e. paying out more than it recieves will produce negative operating cash flows and in time the business not being able to survive, which is not the case with moc.

High rates of r.o.e and increasing n.t.a. and book values over the years and no dilution through raising new capital which is evident in the shares outstanding on a year to year basis.