W.P. Carey As of September 21, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
WPC $4.21 0.6% 0.8% 0.8%
Business yield Hike yrs 5 yr CAGR freq. paid since
Commercial REIT 5.5% 23 1.2% Quarter 1998
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W.P. Carey hikes dividend by 0.2%

W. P. Carey (WPC) will raise its quarterly dividend by another 0.2 percent to $1.05 per share in Q2 of 2021. This follows a similar 0.2 percent increases announced in the previous quarters. Net lease commercial real estate investment trust W.P. Carey has raised its dividend 23 consecutive years.

The next dividend is payable July 15, 2021 to stockholders of record as of June 30, 2021. The new annualized dividend rate of $4.20 per share yields 5.4% at a stock price of $75. The company has raised its dividend for 22 consecutive years and 2021 will mark the 23rd straight year of higher dividends.

Dividend growth has been slowing significantly over the last couple of years, despite the company hiking its dividend every quarter. Last year the total dividend was increased by 0.8 percent, following a 2.0 percent dividend hike announced in 2018. The last time W.P. Carey hiked its dividend by double digits was in 2013, with a 31.8 percent dividend boost. The 2019 dividend hike of 0.8 percent was the smallest one announced in over a decade by the real estate investment trust.

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.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Sep 23 SRE 3.4% 5.3%
Sep 23 RL 2.5% 0.0%
Sep 23 FLS 2.3% 0.0%
Sep 23 XRAY 0.7% 10.0%
Sep 23 IFF 2.4% 2.6%
Sep 23 MDT 2.0% 8.6%
Sep 24 EQR 3.0% 0.0%
Sep 24 GE 0.3% 0.0%
Sep 24 CERN 1.2% 0.0%
Sep 27 LRCX 1.0% 15.4%