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BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 15, 2018-- Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) announced today that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock to be paid on April 12, 2018, to stockholders of record on March 15, 2018.
“Today’s declaration marks the fourth consecutive year of a cash dividend increase,” said Edward K. Aldag, Jr., MPT’s Chairman, President and Chief Executive Officer. “This action reflects our confidence in MPT’s robust investment pipeline, even considering temporary dilution from possible joint venture arrangements that we have previously described,” said Aldag.
https://medicalpropertiestrust.gcs-web. ... y-dividend
Net income of $0.25 and Normalized Funds from Operations (“NFFO”) of $0.36 in the first quarter both on a per diluted share basis;
Completed construction of a 40-bed, 50,985 square foot rehabilitation hospital in Flagstaff, Arizona operated by Ernest Health (“Ernest”) for a total investment of approximately $24 million; commenced rent on March 1st;
Entered into a 15-year lease agreement in March with a joint venture formed by Vibra Healthcare and Ernest for an LTAC hospital in Boise, Idaho; lease has three 5-year renewal options;
Increased quarterly dividend by 4.2% to $0.25 making 2018 the fourth consecutive year that MPT has increased its dividend;
https://finance.yahoo.com/news/medical- ... 00807.html