BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 16, 2017--
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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Source: Medical Properties Trust, Inc.
Medical Properties Trust, Inc.
Tim Berryman, 205-397-8589
Director
– Investor Relations
tberryman@medicalpropertiestrust.com