Medical Properties Trust, Inc. Increases Regular Quarterly Dividend by Four Percent to $0.24 Per Share
February 16 2017 - 4:48PM
Business Wire
Medical Properties Trust, Inc. (NYSE: MPW) announced today that
its Board of Directors declared a regular quarterly cash dividend
of $0.24 per share of common stock to be paid on April 13, 2017, to
stockholders of record on March 16, 2017.
Today’s declaration marks the third consecutive year of a cash
dividend increase resulting in a 14 percent increase compared to
2014 dividends.
“We are pleased to continue to increase our cash dividends to
shareholders commensurate with growing Funds from Operations,” said
Edward K. Aldag, Jr., Chairman, President and Chief Executive
Officer. “With this increase, we continue to maintain our strong
payout ratio of between 75% and 80% of adjusted funds from
operations.”
Annual Meeting of Stockholders
Medical Properties Trust also announced that its annual meeting
of shareholders will be held at the Summit Club in Birmingham,
Alabama at 10:30 a.m. Central Time on May 25, 2017. Shareholders of
record as of March 20, 2017, will be invited to attend.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real
estate investment trust formed to capitalize on the changing trends
in healthcare delivery by acquiring and developing net-leased
healthcare facilities. MPT’s financing model allows hospitals and
other healthcare facilities to unlock the value of their underlying
real estate in order to fund facility improvements, technology
upgrades, staff additions and new construction. Facilities include
acute care hospitals, inpatient rehabilitation hospitals, long-term
acute care hospitals, and other medical and surgical facilities.
For more information, please visit the Company’s website at
www.medicalpropertiestrust.com.
The statements in this press release that are forward looking
are based on current expectations and actual results or future
events may differ materially. Words such as "expects," "believes,"
"anticipates," "intends," "will," "should" and variations of such
words and similar expressions are intended to identify such
forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual results of the Company or future events to differ
materially from those expressed in or underlying such
forward-looking statements, including without limitation: the
payment of future dividends, if any; increases to future dividend
payments; expected dividend payout ratio, and other factors
affecting the real estate industry generally or healthcare real
estate in particular. For further discussion of the factors that
could affect outcomes, please refer to the "Risk factors" section
of the Company's Annual Report on Form 10-K for the year ended
December 31, 2015, and as updated by the Company’s subsequently
filed Quarterly Reports on Form 10-Q and other SEC filings. Except
as otherwise required by the federal securities laws, the Company
undertakes no obligation to update the information in this press
release.
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version on businesswire.com: http://www.businesswire.com/news/home/20170216006330/en/
Medical Properties Trust, Inc.Tim Berryman, 205-397-8589Director
– Investor Relationstberryman@medicalpropertiestrust.com
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