W. P. Carey (WPC) will raise its quarterly dividend by another 0.2 percent to $1.034 per share in. The commercial REIT has now raised its dividend for 21 consecutive years. This increase follows a similar 0.2 percent hike in the first quarter of 2019 by WPC.

The next dividend is payable on July 15, 2019 to stockholders of record as of June 28, 2019. A new annualized rate of $4.136 per share yields 4.8% at Friday's closing price of $85.50.

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.