W. P. Carey (WPC) will raise its quarterly dividend by 0.5 percent to $1.01 per share in the fourth quarter of 2017. The new dividend yield for WPC is 5.7%.
Including the previous dividend hikes this year W.P. Carey has now raised its dividend by exactly 2 percent in 2017, following a 2.6% dividend hike in 2016. The dividend is payable on January 16, 2018 to stockholders of record as of December 29, 2017.
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.