Avoid Buying This Ultra-High-Yield Dividend Stock Until After This Catalyst

Medical Properties Trust has cut its dividend twice over the past year. Medical Properties Trust (MPW -2.88%) recently declared its latest dividend payment. On the one hand, the $0.08-per-share payout puts its dividend yield at more than 7%. However, that payment was nearly 50% below last quarter's level and more than 70% below where it was in the middle of last year. The driving factor of the healthcare REIT's most recent reduction is the impact of the bankruptcy of its top tenant, Steward Health Care. It' ...