Medical Properties Trust hikes dividend by 4%
Medical Properties Trust (MPW) will raise its quarterly distribution by 4.0 percent to $0.26 per share in 2019. Last year the healthcare REIT hiked its quarterly dividend by 4.2 percent.
The next dividend will be paid on October 10, 2019, to stockholders of record on September 12, 2019. A new annual rate of $1.04 per share yields 5.8% at a stock price of $17.82.
“This marks the sixth consecutive year that we have declared an increase in our cash dividend,” said Edward K. Aldag., Jr., Chairman, President and Chief Executive Officer. “Our strategy remains to steadily increase our cash dividend each year as we grow funds from operations through immediately and strongly accretive acquisitions. As we continue to execute on our deep and diverse pipeline, we will routinely consider future dividend increases while maintaining a conservative payout ratio.”
Medical Properties Trust, Inc. is a self-advised real estate investment trust that provides capital to hospitals located throughout the U.S. and other countries. The focus of MPW is exclusively on hospitals, which is where the highest intensity of care is provided to patients. MPT is currently the second-largest non-governmental owner of hospital beds in the U.S. The company's financing model allows owners of hospitals to unlock the value of their underlying real estate, primarily through sale leaseback transactions.
The next dividend will be paid on October 10, 2019, to stockholders of record on September 12, 2019. A new annual rate of $1.04 per share yields 5.8% at a stock price of $17.82.
“This marks the sixth consecutive year that we have declared an increase in our cash dividend,” said Edward K. Aldag., Jr., Chairman, President and Chief Executive Officer. “Our strategy remains to steadily increase our cash dividend each year as we grow funds from operations through immediately and strongly accretive acquisitions. As we continue to execute on our deep and diverse pipeline, we will routinely consider future dividend increases while maintaining a conservative payout ratio.”
Medical Properties Trust, Inc. is a self-advised real estate investment trust that provides capital to hospitals located throughout the U.S. and other countries. The focus of MPW is exclusively on hospitals, which is where the highest intensity of care is provided to patients. MPT is currently the second-largest non-governmental owner of hospital beds in the U.S. The company's financing model allows owners of hospitals to unlock the value of their underlying real estate, primarily through sale leaseback transactions.