W.P. Carey As of July 26, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
WPC $4.24 0.4% 0.9% 0.8%
Business yield Hike yrs 5 yr CAGR freq. paid since
Commercial REIT 5.0% 24 1.0% Quarter 1998
W.P. Carey hikes dividend by 0.2%

W. P. Carey (WPC) will raise its quarterly dividend by another 0.2 percent to $1.052 per share in Q3 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 WPC dividend is payable October 15, 2021 to stockholders of record as of September 30, 2021. The new annualized dividend rate of $4.208 per share yields 5.4% at a stock price of $75 for W.P. Carey. WPC has raised its dividend for 22 consecutive years and 2021 will mark the 23rd straight year of higher dividends. The next ex-dividend for WPC is September 29, 2021.

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.

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