W. P. Carey Inc. Increases Quarterly Dividend to $1.048 per Share

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) announced an increase in its quarterly cash dividend to $1.048 per share, leading to an annualized rate of $4.19 per share. This dividend will be payable on April 15, 2021, to stockholders recorded by March 31, 2021. The company, recognized as one of the largest net lease REITs, boasts an enterprise value of approximately $19 billion and a portfolio of 1,243 properties covering 144 million square feet as of December 31, 2020.

Positive

• Increased quarterly cash dividend to $1.048 per share.
• Annualized dividend rate now $4.19 per share.
• Strong portfolio with 1,243 properties valued at approximately $19 billion.

Negative

• None.

NEW YORK, March 11, 2021 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.048 per share, equivalent to an annualized dividend rate of $4.19 per share. The dividend is payable on April 15, 2021 to stockholders of record as of March 31, 2021.

W. P. Carey Inc.

W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $19 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,243 net lease properties covering approximately 144 million square feet as of December 31, 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 amount announced by WPC?

W. P. Carey Inc. increased its quarterly cash dividend to $1.048 per share.

When will the new dividend be payable?

The new dividend will be payable on April 15, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is March 31, 2021.

What is the annualized dividend rate for WPC?

The annualized dividend rate is $4.19 per share.

How many properties does WPC have in its portfolio?

W. P. Carey Inc. has a portfolio of 1,243 properties.