PGC, HLS, VIP – ASX healthcare stocks with over 4% dividend yield

2 min read | July 12, 2022 06:22 PM AEST | By Aditi Sarkar

Highlights

  • Investments have become essential to ensure a secured future
  • Retail investors looking for a stable source of income can invest in high-dividend yield stocks

Nowadays, investments have become essential to ensure a secured future. It is almost certain that investing money in a company will offer high yields in the long term. However, there are other ways of benefitting by investing in a company. These are through bonuses and dividends.

Retail investors in the stock market looking for a stable source of income can put their money in companies that provide constant dividends.

This article will discuss three stocks from ASX healthcare that provide a decent percentage of the annual dividend yield.

Paragon Care Ltd (ASX:PGC)

Paragon Care is one of the leading suppliers of devices, equipment, and consumables to the healthcare market. It also offers equipment repair, maintenance, as well as total equipment management through Paragon Care Service & Technology.

The company runs on four strategic pillars:

  • Specialty Diagnostics
  • Speciality Devices
  • Capital and Consumables
  • Service and Technology

Healius Ltd (ASX:HLS)

Healius is one of the leading healthcare companies in Australia. Its expansive network of day hospitals, diagnostic imaging centres, and pathology laboratories, provides quality healthcare services.

Its network includes 2,105 pathology sites, 134 imaging sites, and 11-day hospital sites.

Healius Pathology – With more than 7,600 dedicated scientists/members and 280 specialist pathologists, Healius Pathology provides its medical laboratory and pathology services through a range of geographically based and speciality brands.

Diagnostic imaging – Healius provides imaging services through Lumus Imaging

Day hospitals – Day hospitals of Healius perform various kinds of procedures, including cataract surgery, skin cancer removals, gynaecological surgery, etc. Besides, it also serves other surgical procedures requiring short or local anaesthesia.

VIP Gloves Ltd (ASX:VIP)

VIP Gloves Ltd is a Malaysia-based company engaged in manufacturing Nitrile gloves.

In 2016, VIP Glove Sdn Bhd was established in Malaysia to produce disposable nitrite gloves. Its products are now sold to local and overseas distributors on an original equipment manufacturer (OEM) basis.

It supplies a vast range of nitrile gloves widely used in various industries. Some applications are as follows.


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