W. P. Carey Inc. Increases Quarterly Dividend to $1.055 per Share

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) announced an increase in its quarterly cash dividend from $1.045 to $1.055 per share, marking an annualized rate of $4.22. The dividend will be payable on January 14, 2022 to shareholders of record as of December 31, 2021. The company is one of the largest net lease REITs, holding a diversified portfolio of 1,264 net lease properties covering approximately 152 million square feet, with an enterprise value of about $20 billion.

Positive

• Increased quarterly dividend to $1.055 per share.
• Annualized dividend rate raised to $4.22, indicating company confidence.
• Diversified portfolio of over 1,264 properties contributes to stable cash flow.

Negative

• None.

NEW YORK, Dec. 8, 2021 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.055 per share, equivalent to an annualized dividend rate of $4.22 per share. The dividend is payable on January 14, 2022 to stockholders of record as of December 31, 2021.

W. P. Carey Inc.

W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $20 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,264 net lease properties covering approximately 152 million square feet as of September 30, 2021. 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
212-492-1110
institutionalir@wpcarey.com

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

Press Contact:
Anna McGrath
212-492-1166 
amcgrath@wpcarey.com 

 

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SOURCE W. P. Carey Inc.

FAQ

What is the new dividend amount for WPC?

The new quarterly dividend for W. P. Carey Inc. is $1.055 per share.

When is the dividend payment date for WPC?

The dividend is payable on January 14, 2022.

What is the annualized dividend rate for WPC?

The annualized dividend rate is $4.22 per share.

Who is eligible for the dividend from WPC?

Shareholders of record as of December 31, 2021, are eligible for the dividend.