I recently added Centurion Corporation Limited to my investment portfolio at 38c a share and I am pleased to learn that I will be rewarded with a dividend per share (DPS) of 1c which is payable on 19 May 2017. An annual DPS of 2c could be the new norm for Centurion Corporation Limited if their business continues to do well, well enough to offset any increase in interest expense. If this should be the case, I would be enjoying a dividend yield of 5.26% on cost and for a growing business too. For more details, see presentation slides: HERE. I mentioned in my last blog on Centurion Corporation Limited that, although manageable, its high level of borrowings is a concern. To allay concerns, its operational cash flow must remain strong. At the time, I said its interest cover ratio was 3.4x and that it could weaken to 2.55x if interest rate should increase by 1%......