Is Medical Properties Trust a Safe Dividend Stock in 2024?
With a succulent forward dividend yield of more than 15%, it's no surprise that investors are curious about whether to buy shares of Medical Properties Trust, (NYSE: MPW) a business that invests in hospital real estate to rent it out. But as smart investors know, appearances can be deceiving, and often a high yield equates to high risk.
So is this stock a safe place to park your cash to get some reliable cash flow in return, or is there somewhere better?
There are a number of reasons it is not reasonable to expect that Medical Properties Trust will be a stable dividend stock, starting with the fact that it cut its dividend last year. The reason for that cut was, quite simply, that the company's financial position is deteriorating, and that it is likely to get worse.
Source Fool.com
