W.P. Carey hikes dividend by 0.2%

On September 15, 2022, commercial real estate investment W. P. Carey (WPC) announced a 0.2% dividend increase to $1.061 quarterly per share. This is the third small dividend hike by WPC in 2022 for a total dividend growth of 0.6%. The company has now raised its dividend 24 consecutive years.

The next WPC dividend is payable on October 14, 2022 to stockholders of record as of September 30, 2022. An annualized dividend rate of $4.244 per share yields 5.1% at a stock price of $83.46 to WPC shareholders. The ex-dividend date for the first increased dividend of $1.061 per share is September 29, 2022.

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.