No Surprise: This Ultra-High-Yielding Dividend Stock Cuts Its Payout Again
The Motley Fool
AUGUST 9, 2024
Medical Properties Trust (NYSE: MPW) has offered a double-digit dividend yield for over a year. That big yield was a sign that the market didn't believe the real estate investment trust (REIT) would be able to maintain its dividend level, even after cutting it by nearly 50% last August. The market's skepticism proved to be correct. The healthcare REIT is indeed reducing its dividend again.
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