W. P. Carey (WPC) will raise its quarterly dividend by 0.5 percent to $1.015 per share in the first quarter of 2018. The new dividend yield for WPC is 6.6%. WPC has now raised its dividend for twenty consecutive years.
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.