W.P. Carey (WPC) will raise its quarterly dividend to $1.00 per share. The next dividend is payable on July 14, 2017 to stockholders of record as of June 30, 2017.

Mark J. DeCesaris, W. P. Carey's Chief Executive Officer, said, "We believe our exclusive focus on net lease investing for our balance sheet will aid the continued growth of our owned portfolio and improve the quality of our earnings. In keeping with our long-standing objective of providing shareholders with consistent, gradually rising dividends and cash flow, W. P. Carey has increased its quarterly dividend to $1.00 per share. This marks the 19th consecutive year in which W. P. Carey has increased its dividend since going public in 1998."

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.