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Forget Medical Properties Trust: Buy This Dividend Stock Instead

TheMotleyFool

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Forget Medical Properties Trust: Buy This Dividend Stock Instead: https://g.foolcdn.com/editorial/images/757415/pharmacist-talking-to-patient.jpg

Is Medical Properties Trust (NYSE: MPW) still a top dividend stock?

On the one hand, the hospital-focused REIT slashed its payouts earlier this year, something income-seekers loathe. However, others will argue that it was a necessary move to stabilize its financial situation.

Medical Properties Trust can now go on to rebuild a solid dividend track record, given its status as a real estate investment Trust (REIT) (required to issue 90% of their taxable income as dividends), as well as its stronger financial situation and still incredibly high yield of 17.19% as of this writing.

Source Fool.com

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