Medical Properties Trust (MPW) Lowers Quarterly Dividend 48.3% to $0.15; 8.7% Yield

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Go back to Medical Properties Trust (MPW) Lowers Quarterly Dividend 48.3% to $0.15; 8.7% Yield

Medical Properties Trust Updates Capital Allocation Strategy to Further Enhance Long-Term Value Creation

August 21, 2023 7:30 AM EDT

Adjusts Quarterly Dividend to Better Align with the Companys Cash Flow Profile Following Asset Divestitures

Announces Actions to Strengthen Balance Sheet and Accelerate Deleveraging

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that its Board of Directors has adopted an updated capital allocation strategy designed to significantly strengthen its balance sheet, lower its cost of capital, and position MPT for long-term shareholder value creation.

This refreshed strategy prioritizes actions to expedite debt reduction,... More