Medical Properties Trust Raises Dividend by 12%, Boosts Yield to 7%
AI Summary1 min read
TL;DR
Medical Properties Trust increased its dividend by 12%, boosting the yield to 7%, after resolving tenant bankruptcies and refinancing issues. The REIT has improved its tenant base and balance sheet, with rental income expected to grow and a $150 million share buyback approved.
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Medical Properties Trustdividend increaseREITshare repurchaserental income
Medical Properties Trust is raising its dividend by 12% to 7% after addressing challenges such as bankrupt tenants and refinancing difficulties. The REIT has strengthened its tenant base and balance sheet, and rental income is expected to rise in the coming quarters. A $150 million share repurchase program has also been authorized.
