Well, here we go. $MPW+0.7% dividend cut! ⚠️
The dividend goes from the original $0.29 per share to $0.15. That's a drop of almost 50%. The dividend cut frees up some cash that can be used for things like debt reduction.
Personally, I see this as a necessary step. Yesterday was too late.
I completely agree. It was late yesterday. But these steps are really necessary.