Medical Properties Trust Increases Quarterly Dividend 5% to 21 Cents Per Share

Medical Properties Trust MPW announced today that its Board of Directors declared a regular quarterly cash dividend of $0.21 per share of common stock to be paid on January 7, 2014, to stockholders of record on December 3, 2013. “We are delighted to announce today that the Board of Directors of Medical Properties Trust has approved a 5% increase to the quarterly dividend,” said Edward K. Aldag, Jr, Chairman, President and CEO. “Over the past three years we have achieved an average annual Normalized FFO per share growth of 15% and our payout ratio has consistently remained in our targeted range of 80% for the last 5 quarters. Our prospects for continued growth are excellent and raising our dividend now is the prudent action to take.” About Medical Properties Trust, Inc. Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional acute care hospitals, ambulatory surgery centers and other single-discipline healthcare facilities.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable
Posted In: NewsDividends
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!