This Trinidadian company just listed on the TTSE and is already paying shareholders a dividend.

So it was just a few weeks ago we were talking about healthcare company Medcorp’s IPO in Trinidad. Not even one month later, the company has already announced its first dividend payment.

Just to recap, Medcorp is a big name in healthcare in Trinidad and Tobago. They have four healthcare centres and a 50% stake in Caribbean Heart Care-Medcorp, which is the only place in the country that does emergency and planned heart surgeries, even for kids.

The company announced their IPO in May, and it closed in June. The offer was fully subscribed and raised TT$16.8 million, or about US$2.5 million. 

The company listed on the Trinidad and Tobago Stock Exchange’s SME Market on July 7. 

And now, just weeks later, they’re getting ready to pay out their first dividend of TT$1 per share. The payment is only available to investors who were shareholders as of July 31. The payment is scheduled to go out on August 15.

That’s really good news for investors who bought early. In 2024, Medcorp made TT$122 million in revenue and TT$41 million in profits after tax.

Medcorp said it plans to use the money raised from the IPO to help the business grow. Around TT$15 million will go toward improving their services and building new parts of their healthcare system over the next year and a half. 

But for shareholders, this early dividend is a nice reward. 

It shows that Medcorp is serious about sharing its profits and building trust with its investors. 

And that’s the bottom line.