- Pays: quarterly — $0.09 per share ($0.36 a year) since the December 2025 payment.
- Searching for MPW? Same company. The NYSE ticker changed from MPW to MPT effective February 2, 2026 — a branding refresh disclosed in a January 2026 8-K. Name, CUSIP and dividend record unchanged; most data sites' MPW pages went dark.
- The cuts: $0.29 → $0.15 (August 2023) and $0.15 → $0.08 (August 2024) — a 72% reduction as major hospital tenants failed.
- The first step back: raised 12% to $0.09 on November 17, 2025, alongside a $150M buyback; $0.09 declared again August 13, 2026 (record September 10, payable October 8).
- What it is: a self-advised REIT owning net-leased hospital facilities — 378 facilities and about 38,000 beds across nine countries at mid-2026.
MPT's troubles came from tenant concentration: when its largest operators (notably Steward Health Care) collapsed into bankruptcy, rent stopped and the dividend followed. The 2025 raise signals stabilization, not recovery — the dividend remains about 31% of its 2023 level.
MPT pays quarterly. Each point below is one dividend since 2005 — a long plateau, two steep steps down in 2023-24, and a small step up in late 2025.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $0.35 per share across 4 payments — up 9% from $0.32 in the 12 months before. What a change like that does to your income →
- Current pace: recent payments annualize to $0.32 — 9% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: down 13% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 84 payments over 21 years; the largest single payment was $0.29 (Mar 2022).
- Payment drops ≥20% below trend, last 24 months: 5. Get alerted to the next one →
Every figure above is computed from MPT's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Dividend / Share |
|---|
"Next expected" is estimated from MPT's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
Net-lease REITs are only as safe as their tenants, and MPT is the sector's starkest demonstration: a hospital landlord whose largest operators stopped paying rent, forcing two cuts that erased nearly three-quarters of the dividend. The ticker change to MPT in 2026 was a fresh-start gesture; the chart is the unvarnished record, and it carries the first raise since the collapse.
The healthcare REIT that didn't break is DOC; the net-lease model working as intended is VICI. Overlay them on the compare tool, and model any future change with the impact calculator.
| Year | Total Dividends / Share | Payments | Change vs Prior Year |
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Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is MPT's Next Ex-Dividend Date?
MPT pays quarterly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from MPT's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
Twenty-One Years: The Plateau, the Collapse, the First Step Back
Medical Properties Trust paid a rising dividend for most of its life, reaching $0.29 a quarter by 2022. The chart above shows what followed: the 2023 cut to $0.15 and the 2024 cut to $0.08 as hospital tenants defaulted, then the late-2025 raise to $0.09. The year-by-year table shows income per share falling by nearly three-quarters in two years.
When the Tenant Is the Risk
A net lease transfers operating risk to the tenant — which works only while the tenant can pay. MPT's portfolio was concentrated in a few hospital operators, and when Steward Health Care and others failed, the rent that funded the dividend vanished with them. The company has since re-tenanted facilities, sold assets and refinanced, and the 2025 raise is the first evidence the rebuild is producing cash again.
Where MPT Fits
As the cautionary case for single-sector net lease, and as a rebuild-in-progress for investors who track rent collection more closely than yield. For healthcare real estate that held its dividend, see DOC. Next expected date on the live calendar.
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