Shandong Weigao Group Makes Medical Devices

Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success.

This week my Safari portfolio is looking to add a company from the Healthcare sector.

The Healthcare sector includes ten industries all related to testing, diagnosing and treating what ails us. The healthcare industries are: biotechnology; diagnostics & research; drug manufacturers – major and- specialty & generic; healthcare plans; long-term care facilities; medical care; medical devices, medical distribution; medical supplies.

Today I’m reviewing a medical devices firm. It’s a mid-cap stock, Shandong Weigao Group Medical Polymer Company Limited. Its trading ticker symbol is SHWGY.

Shandong Weigao Group Medical Polymer CompanyLimited is a part of the healthcare sector in China. It produces and sells medical devices such as infusion sets, syringes, medical needles, blood sampling products and orthopedic material.

Further, the company provides logistics and storage services; sells computer software; and asset management and enterprise consulting services.

The company serves hospitals, blood stations, and other medical units; and distributors. The company was founded in 2000 and is based in Weihai, the People’s Republic of China.

Shandong Weigao Group Medical Polymer Company Limited is a subsidiary of Weigao Holding Company Limited.

Three key data points measure dividend equities or funds likeShandong Weigao Group (SHWGY): 

(1) Price

(2) Dividends

(3) Returns

SHWGY Price

Shandong Weigao Group’s price at yesterday’s market close was $2.69 per share.A year ago its price was $2.47. That is a gain of $0.22 per share in the past year. 

Assuming Shandong Weigao Group’s price gains at the same pace this year, its price would grow from $2.69 to $2.91 by March 2019.