W.P. Carey hikes dividend by 0.2%
W. P. Carey (WPC) will raise its quarterly dividend by 0.2 percent to $1.038 per share, marking the company’s 75th consecutive quarterly dividend increase since going public in 1998. Last year W.P. Carey raised its dividend by a total of 2.0 percent.
The next dividend is payable on January 15, 2020 to stockholders of record as of December 31, 2019. The new annualized dividend rate of $4.152 per share yields 5.4% at a stock price of $77.60.
Jason Fox, Chief Executive Officer, W. P. Carey, said: "We are extremely proud of our more than 20-year history of annual dividend increases, reflecting our commitment to providing rising income and building long-term value for our shareholders."
W. P. Carey Inc. is a net lease commercial real estate investment trust that provides real estate-based financing solutions. The company invests in high-quality single-tenant industrial, warehouse, office and retail properties subject to long-term leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry. W.P. Carey has paid a dividend every year since going public in 1998.
The next dividend is payable on January 15, 2020 to stockholders of record as of December 31, 2019. The new annualized dividend rate of $4.152 per share yields 5.4% at a stock price of $77.60.
Jason Fox, Chief Executive Officer, W. P. Carey, said: "We are extremely proud of our more than 20-year history of annual dividend increases, reflecting our commitment to providing rising income and building long-term value for our shareholders."