W. P. Carey Inc. Increases Quarterly Dividend to $1.046 per Share

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly cash dividend to $1.046 per share, translating to an annualized rate of $4.18. This dividend will be payable on January 15, 2021, to stockholders of record by December 31, 2020. The company holds an enterprise value of approximately $18 billion with a diversified portfolio of 1,215 net lease properties covering around 142 million square feet. W. P. Carey focuses on investing in operationally-critical commercial real estate across the U.S. and Europe.

Positive

• Quarterly cash dividend increased to $1.046 per share.
• Annualized dividend rate now at $4.18 per share.
• Strong enterprise value of approximately $18 billion.
• Diversified portfolio consisting of 1,215 net lease properties.

Negative

• None.

NEW YORK, Dec. 9, 2020 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.046 per share, equivalent to an annualized dividend rate of $4.18 per share. The dividend is payable on January 15, 2021 to stockholders of record as of December 31, 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 1,215 net lease properties covering approximately 142 million square feet as of September 30, 2020. For nearly five 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 rate for WPC in 2021?

The new dividend rate for WPC is $1.046 per share.

When will WPC pay its dividend?

WPC will pay its dividend on January 15, 2021.

What is the record date for the dividend payment for WPC?

The record date for the dividend payment is December 31, 2020.

What is WPC's enterprise value?

WPC's enterprise value is approximately $18 billion.

How many properties does WPC own?

WPC owns 1,215 net lease properties.