W.P. Carey (WPC) will raise its quarterly dividend to $0.99 per share.
The dividend is payable on January 13, 2017 to stockholders of record as of December 30, 2016.
Based on a stock price of $59.55 W.P. Carey has an estimated dividend yield of 6.7%.
W. P. Carey Inc. is a real estate investment trust that provides real estate-based financing solutions primarily for companies in the U.S. and Europe. The Company is an owner and manager of commercial real estate, primarily net leased to companies on a long-term basis.