5 Dividend Stocks with Over 8% Yield

1. Medical Properties Trust, Inc. (NYSE:MPW)

Dividend Yield as of August 18: 15.47%

Medical Properties Trust, Inc. (NYSE:MPW) tops our list of the best dividend stocks to consider with high yields. The company currently offers a quarterly dividend of $0.29 per share and has a dividend yield of 15.47%, as of August 18.

At the end of Q2 2023, 20 hedge funds tracked by Insider Monkey presented a bullish stance on Medical Properties Trust, Inc. (NYSE:MPW). The stakes owned by these hedge funds have a collective value of roughly $170 million.

Miller Value Partners mentioned Medical Properties Trust, Inc. (NYSE:MPW) in its Q2 2023 investor letter. Here is what the firm has to say:

“Medical Properties Trust, Inc. (NYSE:MPW) gained after it reported 1Q23 revenues of $350.2MM, -14.5% Y/Y, below consensus of $352.5MM, and Normalized Funds from Operations (FFO)/share of $0.37, -21.3% Y/Y, slightly below consensus of $0.38. The company’s CEO noted “The terms of recently announced transactions including Springstone, the acquisition by CommonSpirit of Steward’s Utah operations, Healthscope, and Prime, have valued our hospital investments near and in excess of our original purchase prices. This confirmation of our underwritten asset values by sophisticated market participants, as well as our existing liquidity and prudently planned debt structure, position us to have no debt maturities until 2025.” The REIT saw a modest uptick in leverage during the quarter, with the company’s Adjusted Net Debt to Annualized Earnings Before Interest, Taxes, Depreciation, and Amortization for Real Estate (EBITDAre) ratio standing at 6.5x as of quarter-end, compared to 6.4x as of 12/31/22. Management maintained its quarterly dividend of $0.29/share, or a 12.5% annualized yield. Management updated full-year 2023 (FY23) guidance for Normalized FFO/share of $1.56 (vs. prior guidance for $1.58), implying a P/FFO multiple of 5.9x, to account for the impact of announced deleveraging asset sales (and expected $1.4B in debt reduction).”

You can also take a look at 10 Healthcare Stocks with Insider Buying and 15 Best-Performing Stocks in the Last 12 Months

Follow Insider Monkey on Twitter