The Dividend Daily

China Medical Technologies (CMED) is a company that has seen tremendous volatility over the past six months. CMED's stellar recent performance, however, has us considering upgrading this company to our "Recommended" list. China Medical Technologies develops, manufactures, and markets medical devices for the treatment of solid cancers and benign tumors in the People's Republic of China. Its most recent report showed revenue gains of 67% over last year, and in 2007, its diagnostics business represented over 60% of revenues. The China markets have been getting hit hard as of late, but with the sheer population numbers that China has, this small cap stock may be in for many years of long-term growth. Currently, China Medical Technologies pays an annual dividend of 48 cents per share, and its dividend yield is only 1.1%, but the prospects of future exponential growth will keep this stock on our radar screens for possible future upgrades. Stay tuned. China Medical (CMED) currently holds a Dividend.com rating of 2.8 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.

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