5 Best Affordable Dividend Stocks to Buy

4. Medical Properties Trust, Inc. (NYSE:MPW)

Share Price as of February 26: $10.55
P/E Ratio as of February 26: 7.03

Alabama-based real estate investment trust company Medical Properties Trust, Inc. (NYSE:MPW) trades at $10.55 per share and has a P/E ratio of 7.03, as of February 26. It is among the best affordable dividend stocks on our list.

In the fourth quarter of 2022, Medical Properties Trust, Inc. (NYSE:MPW)’s dividends represented 85% of its AFFO per share. The company offers a quarterly dividend of $0.29 per share and has been raising its payouts consistently for the past 9 years. The stock has a dividend yield of 11%, as of February 26.

At the end of December 2022, 28 hedge funds tracked by Insider Monkey reported owning stakes in Medical Properties Trust, Inc. (NYSE:MPW), up from 23 in the previous quarter. The collective value of these stakes is over $367.5 million.