BIRMINGHAM, Ala.–(BUSINESS WIRE)– Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE:MPW) announced today that its Board of Directors declared a quarterly cash dividend of $0.26 per share of common stock to be paid on October 10, 2019, to stockholders of record on September 12, 2019.
“This marks the sixth consecutive year that we have declared an increase in our cash dividend,” said Edward K. Aldag., Jr., Chairman, President and Chief Executive Officer. “Our strategy remains to steadily increase our cash dividend each year as we grow funds from operations through immediately and strongly accretive acquisitions. As we continue to execute on our deep and diverse pipeline, we will routinely consider future dividend increases while maintaining a conservative payout ratio.”
I love dividend raises 26 raises by 22 companies so far. This dividend is 1 cent a share increase per quarter. This raise will bring in $1.60 a tear since i own 40 shares. Every raise gets me closer to the end goal and that is to have my bills all paid for by dividends. This is my first raise since buying MPW.
The portfolio page has been updated with these changes which you can see here.
Main $6.48 2nd raise
O $.228 3rd raise
O $2.052 2nd raise
2019 total increases $176.56
Have you had any raises lately?