Reported about 2 months ago
Medical Properties Trust (MPT) has announced a significant 47% reduction in its quarterly dividend, dropping from $0.15 to $0.08, indicating financial struggles and market concerns. This marks a 73% decrease since the start of 2023. Despite selling facilities to manage debt and generate liquidity, the company's stock has plummeted over 75% in five years, leading to downgrades in its credit ratings. Investors should be cautious as MPT navigates these challenges before a potential recovery.
Source: YAHOO