W. P. Carey Inc. (WPC) will raise its quarterly dividend to $1.005 per share. The next dividend is payable on October 16, 2017 to stockholders of record as of October 2, 2017.
Based on the current stock price of $69.03 the estimated dividend yield for W.P. Carey is 5.8%. The stock has gained 16.8% year-to-date.
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 1998.