This 6%-Yielding Dividend Stock Is Finally Healthy and Could Start Growing Again
Medical Properties Trust (NYSE: MPW) has battled two ailments over the past couple of years. The real estate investment trust's (REIT) top two tenants ran into severe financial issues, forcing both to ultimately file for bankruptcy. That issue and higher interest rates made it hard for the hospital landlord to refinance debt as it matured. After two years of hard work, the healthcare REIT is finally healthy again. As a result, its 6%-yielding dividend, which it cut twice during that period, could start growing again. That makes the REIT a potentially enticing option for those seeking an attractive income stream.Medical Properties Trust spent the past couple of years simultaneously working with two major tenants as they addressed their financial issues while also trying to shore up its balance sheet situation. The company took several steps to address the problem, including replacing one tenant with several new ones, selling properties to repay debt, and cutting its dividend twice. Continue reading
Medical Properties Trust (NYSE: MPW) has battled two ailments over the past couple of years. The real estate investment trust's (REIT) top two tenants ran into severe financial issues, forcing both to ultimately file for bankruptcy. That issue and higher interest rates made it hard for the hospital landlord to refinance debt as it matured.
After two years of hard work, the healthcare REIT is finally healthy again. As a result, its 6%-yielding dividend, which it cut twice during that period, could start growing again. That makes the REIT a potentially enticing option for those seeking an attractive income stream.
Medical Properties Trust spent the past couple of years simultaneously working with two major tenants as they addressed their financial issues while also trying to shore up its balance sheet situation. The company took several steps to address the problem, including replacing one tenant with several new ones, selling properties to repay debt, and cutting its dividend twice.
