Medical Properties Trust, Inc., based in Birmingham, Alabama, is a real estate investment trust that invests in healthcare facilities subject to NNN leases. The company owns 438 properties in the United States, Australia, Colombia, Germany, Italy, Portugal, Spain, Switzerland, Finland, and the United Kingdom.
We are now holding 8 shares of MPW in our dividend stock portfolio.
With its yearly dividend of 0.98 dollars per share, this latest buy has a dividend yield of 13.9% and will pay us an additional $3.92 every year (after tax). Awesome! MPW is paying a dividend in the following months: January, April, July, and October. We will get some nice dividend boost in these months.
Now, the high dividend comes with a cost, MPW has been suffering a lot lately, and a possible dividend cut is possible.
Using dollar-cost averaging our average cost per MPW share is $7.75.
At the time of writing this article, MPW takes 0.56% of our stock portfolio.
92 shares to go once we are able to start selling covered calls and generate extra income from MPW stock. I don't have a set time frame to get there, as I'm planning to buy these stocks from the put options premiums. It could take some 2-3 years once I get there, or much sooner if the stock will get assigned.
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