W. P. Carey Inc. Increases Quarterly Dividend to $1.065 per Share

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly cash dividend to $1.065 per share, marking an annualized rate of $4.26. This dividend will be payable on January 13, 2023 to shareholders of record as of December 30, 2022. The company, a significant player among net lease REITs with an enterprise value of approximately $22 billion, holds a diversified portfolio comprising 1,428 net lease properties and 84 self-storage properties.

Positive

• Increased quarterly dividend to $1.065 per share, showcasing strong shareholder returns.
• Annualized dividend rate now stands at $4.26 per share, reflecting company confidence.

Negative

• None.

NEW YORK, Dec. 8, 2022 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.065 per share, equivalent to an annualized dividend rate of $4.26 per share. The dividend is payable on January 13, 2023 to stockholders of record as of December 30, 2022.

W. P. Carey Inc.

W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $22 billion and a diversified portfolio of operationally critical commercial real estate that includes 1,428 net lease properties covering approximately 175 million square feet and a portfolio of 84 self-storage operating properties as of September 30, 2022. 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
1 (212) 492-1110
institutionalir@wpcarey.com

Individual Investors:
W. P. Carey Inc.
1 (212) 492-8920
ir@wpcarey.com

Press Contact:
Anna McGrath
1 (212) 492-1166 
amcgrath@wpcarey.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 $1.065 per share.

When will WPC's dividend be paid?

The dividend will be payable on January 13, 2023.

What is WPC's enterprise value?

W. P. Carey Inc. has an enterprise value of approximately $22 billion.

What is the annualized dividend rate for WPC?

The annualized dividend rate is $4.26 per share.

What is the record date for WPC's dividend?

The record date for the dividend is December 30, 2022.