W. P. Carey Inc. Increases Quarterly Dividend to $1.044 per Share

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) announced a **quarterly cash dividend increase** to **$1.044 per share**, with an annualized rate of **$4.18 per share**. The dividend is payable on **October 15, 2020**, to stockholders of record as of **September 30, 2020**. As one of the largest net lease REITs, W. P. Carey operates a diversified portfolio of **1,216 properties** across **142 million square feet**, focusing on **industrial, warehouse, office, retail,** and **self-storage properties**. The company has maintained its strong position in the market for over four decades.

Positive

• Increased quarterly cash dividend to $1.044 per share, enhancing shareholder income.
• Strong enterprise value of approximately $18 billion.
• Diverse portfolio with 1,216 properties, indicating stability and risk mitigation.

Negative

• None.

NEW YORK, Sept. 17, 2020 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.044 per share, equivalent to an annualized dividend rate of $4.18 per share. The dividend is payable on October 15, 2020 to stockholders of record as of September 30, 2020.

W. P. Carey Inc.

W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $18 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,216 net lease properties covering approximately 142 million square feet as of June 30, 2020. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net 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. 
www.wpcarey.com 

Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.com

Individual Investors:
W. P. Carey Inc.
212-492-8920
ir@wpcarey.com

Press Contact:
Guy Lawrence
Ross & Lawrence
212-308-3333
gblawrence@rosslawpr.com

 

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SOURCE W. P. Carey Inc.

FAQ

What is the new dividend amount for WPC?

W. P. Carey Inc. has increased its quarterly dividend to $1.044 per share.

When will WPC's dividend be paid?

The dividend will be paid on October 15, 2020.

What is the record date for WPC's dividend?

The record date for the dividend is September 30, 2020.

What is the annualized dividend rate for WPC?

The annualized dividend rate for W. P. Carey Inc. is $4.18 per share.