This Ultra-High-Yield Dividend Stock Still Looks Very Healthy

This year, the bear market bludgeoned shares of Medical Properties Trust (NYSE: MPW). The hospital owner's stock price has plummeted 45%, partly due to the impact that rising interest rates could have on its ability to expand. The sell-off has driven the dividend yield of this real estate investment trust (REIT) up over 10%. 

double-digit dividend yield usually signals that the market doesn't believe it's sustainable. However, the healthcare REIT's financial results suggest it's more than healthy enough to sustain its ultra-high-yielding dividend. Because of that, it looks like an enticing option for those seeking a big-time passive income stream.

While the stock has been under pressure this year, the underlying business continues to perform well. That was evident in its third-quarter results. The healthcare REIT reported $0.36 per share of adjusted funds from operations (FFO), a 6% year-over-year increase. That pushed its year-to-date total to $1.08 per share, up 7% year over year.

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Source Fool.com