This Ultra-High-Yielding Dividend Could Be on the Chopping Block Again
Last August, Medical Properties Trust (NYSE: MPW) adjusted its quarterly dividend. It cut its payment from $0.29 to $0.15 per share each quarter to better align it with its cash flow profile. The hospital-focused real estate investment trust (REIT) needed to reset its dividend because of headwinds from tenant issues and higher interest rates, which put pressure on its balance sheet.
Despite that deep cut, the healthcare REIT currently offers a dividend yield above 15%. That suggests investors believe another one is forthcoming. The healthcare REIT's management team discussed that possibility on its recent fourth-quarter conference call.
Medical Properties Trust's CEO, Ed Aldag, brought up the company's dividend on the call. He stated:
Source Fool.com
