1. Medical Properties Trust reported $700 million in impairments for Q2 and capped its dividend at $0.08 per share. 2. The decline in funds from operations is due to asset disposals and the Steward Health Care bankruptcy. 3. The stock classification has been changed from 'Strong Buy' to 'Hold' due to the impending dividend cut and ongoing impairment charges.
Recent #Dividend Cut news in the semiconductor industry
1. BrightSpire Capital, Inc. has cut its dividend due to minimal capital deployment in the commercial real estate market affected by rising rates. 2. The company's portfolio has shrunk from $3.8 billion to $2.8 billion as it did not redeploy capital from repayments. 3. Management is being conservative, focusing on ensuring cash flow covers dividends before increasing payout rates.
1. Leggett & Platt's recent quarterly earnings show a decline in sales and profitability, with no immediate improvement prospects. 2. The company has cut its dividends, impacting its valuation and investor confidence. 3. Despite potential undervaluation, poor fundamentals and lack of growth catalysts maintain a 'sell' rating on the stock.