Medical Properties Trust (MPW) Lowers Quarterly Dividend 48.3% to $0.15; 8.7% Yield
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Medical Properties Trust (MPW) Adjusts Quarterly Dividend to Better Align with the Company’s Cash Flow
August 21, 2023 7:32 AM EDTMedical 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.
Adjusts Quarterly Dividend to Better Align with the Companys Cash Flow Profile Following Asset DivestituresAnnounces Actions to Strengthen Balance Sheet and Accelerate DeleveragingThis refreshed strategy prioritizes actions to expedite debt reduction, while continuing to return substantial cash to shareholders. MPTs Board and management team believe this... More
