W.P. Carey hikes dividend by 0.2%
W. P. Carey (WPC) will raise its quarterly dividend by 0.2 percent to $1.040 per share, marking the company’s 76th consecutive quarterly dividend increase since going public in 1998. Last year W.P. Carey raised its dividend by a total of 0.8 percent.
The next dividend is payable on April 15, 2020 to stockholders of record as of March 31, 2020. The new annualized dividend rate of $4.16 per share yields 5.6% at a stock price of $73.88. The company has raised its dividend for 21 consecutive years and 2020 will mark the 22nd straight year of higher dividends.
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 April 15, 2020 to stockholders of record as of March 31, 2020. The new annualized dividend rate of $4.16 per share yields 5.6% at a stock price of $73.88. The company has raised its dividend for 21 consecutive years and 2020 will mark the 22nd straight year of higher dividends.
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.