W. P. Carey Inc. Increases Quarterly Dividend to $1.05 per Share

W. P. Carey Inc. (NYSE: WPC) announced an increase in its quarterly cash dividend to $1.05 per share, marking an annualized rate of $4.20.

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) announced an increase in its quarterly cash dividend to $1.05 per share, marking an annualized rate of $4.20. This dividend will be payable on July 15, 2021, to stockholders of record as of June 30, 2021. The company, with an enterprise value of approximately $19 billion, holds a diversified portfolio of 1,261 net lease properties across 146 million square feet. Its investments span various sectors, primarily located in the U.S. and Europe, ensuring robust tenant and property diversification.

Positive

• Increased quarterly cash dividend to $1.05 per share enhances income for shareholders.
• Strong enterprise value of approximately $19 billion demonstrates robust market position.
• Diverse portfolio with 1,261 properties spreads risk across various sectors and locations.

Negative

• None.

Argus Session date unavailable

-1.43% session move Open Argus

Details

News Market Reaction – WPC

The recorded move for WPC in the trading session of this news was -1.43%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, June 17, 2021 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.05 per share, equivalent to an annualized dividend rate of $4.20 per share. The dividend is payable on July 15, 2021 to stockholders of record as of June 30, 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 1,261 net lease properties covering approximately 146 million square feet as of March 31, 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
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.com

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

Press Contact:
Anna McGrath
W. P. Carey Inc.
212-492-1166 
amcgrath@wpcarey.com 

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/w-p-carey-inc-increases-quarterly-dividend-to-1-05-per-share-301315111.html

SOURCE W. P. Carey Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the new dividend amount for WPC shareholders?

W. P. Carey Inc. has increased its quarterly dividend to $1.05 per share.

When is the dividend payable for W. P. Carey Inc.?

The dividend is payable on July 15, 2021.

Who is eligible for the dividend payment from WPC?

Stockholders of record as of June 30, 2021, are eligible for the dividend.

What is W. P. Carey Inc.'s enterprise value?

W. P. Carey Inc. has an enterprise value of approximately $19 billion.

How many properties does W. P. Carey Inc. own?

The company owns 1,261 net lease properties.