Medical Properties Trust: Dividend Declared, 13.6% Yield, Undervalued At 3x FFO (Rating Upgrade)

spooh/iStock via Getty ImagesMedical Properties Trust (NYSE:MPW) finally declared its long-delayed dividend distribution, announcing a $0.15 per share distribution to now be paid on May 1. The prior absence of a first-quarter distribution had formed a point of angst for some shareholders and was the focal point of my last article on the ticker. MPW's dividend annualized at $0.60 per share means a substantial 13.6% dividend yield, a near-historic high, even as the REIT continues to make significant progr ...