As Expected, This Big-Time Dividend Hits the Chopping Block. Is It Time to Sell?

After months of speculation, Medical Properties Trust (NYSE: MPW) has slashed its dividend. The embattled healthcare real estate investment trust (REIT) is cutting its payout by nearly 50% to retain more cash to strengthen its balance sheet. Medical Properties Trust has reduced its quarterly dividend payment from $0.29 to $0.15 per share, a 48.3% reduction.