7 Dividend Stocks with 10%+ Yield

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

Dividend Yield as of July 16: 12.74%

Medical Properties Trust, Inc. (NYSE:MPW) is an American real estate investment trust company, headquartered in Alabama. The company mainly invests in healthcare facilities. The stock is down by over 5% since the start of 2024 due to issues surrounding high interest rates and its tenants. In early January, the REIT disclosed that its main tenant, Steward Health Care, was unable to resume full rental payments despite selling a noncore business in the fourth quarter. Steward was still struggling financially, leading the REIT to defer more rent and collaborate on a long-term solution. A few months later, Steward filed for bankruptcy protection, and the company agreed to provide $75 million in debtor-in-possession financing to help Steward continue its operations. This issue is causing problems for the company’s already sensitive dividend, which was slashed last year after a decade of consecutive growth.

Despite the challenges, analysts see potential in the stock. The bankruptcy of its tenant, although a current issue, presents a possible upside. Medical Properties Trust, Inc. (NYSE:MPW) plans to find new tenants for the hospitals Steward operates, which would allow the company to resume collecting full rental income from those properties. Additionally, they could sell these properties to new operators or financial investors. In addition, the company’s dividend is more stable than it seems. Its cash flow is strong, with trailing twelve-month operating cash flow and free cash flow of $444.4 million and $882.1 million, respectively. The company also reported a positive FFO of $0.24 in the first quarter of 2024.

Medical Properties Trust, Inc. (NYSE:MPW), one of the best dividend stocks, offers a quarterly dividend of $0.15 per share. The stock supports an impressive dividend yield of 12.74%, as of July 16.

Insider Monkey’s database of Q1 2024 indicated that 18 hedge funds held stakes in Medical Properties Trust, Inc. (NYSE:MPW), worth nearly $81 million in total. Silver Point Capital owned the largest stake in the company at the end of the quarter.