Why I'm Not Selling This 14%-Yielding Dividend Stock
Ultra-high dividend yields often reflect a stock price that has tanked. That's true for Medical Properties Trust (NYSE: MPW). Its dividend yield tops 14%. But that yield is largely the result of a share price that has plunged more than 50% over the past 12 months.
I bought shares of the healthcare real estate investment trust (REIT) earlier this year and didn't feel the full brunt of that decline. However, my position is still in the red. Am I considering selling this 14%-yielding dividend stock? Not at all. Here's why.
Medical Properties Trust (MPT) provides a cushion of sorts with its high dividend. For example, my loss in the stock will be more than halved if the stock goes nowhere for the rest of the year and the dividend stays at the current level. If that scenario continues throughout most of 2024, my total return will be positive.
Source Fool.com
Medical Properties Trust Stock
With 4 Buy predictions and 4 Sell predictions the community is currently undecided on Medical Properties Trust.
A slightly negative potential of -11.44% at a current price of 4.52 € for Medical Properties Trust is the result of a target price of 4 €.
