W. P. Carey Inc. Increases Quarterly Dividend to $1.052 per Share

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly cash dividend to $1.052 per share, reflecting an annualized rate of $4.21. This dividend will be payable on October 15, 2021, to stockholders of record as of September 30, 2021. As one of the largest net lease REITs, W. P. Carey holds an enterprise value of approximately $21 billion and boasts a diversified portfolio of 1,266 net lease properties across 150 million square feet as of June 30, 2021.

Positive

• Increased quarterly cash dividend to $1.052 per share.
• Annualized dividend rate now $4.21 per share.
• Strong enterprise value of approximately $21 billion.
• Diversified portfolio with 1,266 net lease properties.

Negative

• None.

News Market Reaction

+0.14%

1 alert

+0.14% News Effect

On the day this news was published, WPC gained 0.14%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

NEW YORK, Sept. 16, 2021 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.052 per share, equivalent to an annualized dividend rate of $4.21 per share. The dividend is payable on October 15, 2021 to stockholders of record as of September 30, 2021.

W. P. Carey Inc.

W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $21 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,266 net lease properties covering approximately 150 million square feet as of June 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 cash dividend for W. P. Carey Inc. (WPC) is $1.052 per share.

When is the dividend payment date for WPC?

The dividend payment date for W. P. Carey Inc. is October 15, 2021.

What is the annualized dividend rate for WPC?

The annualized dividend rate for W. P. Carey Inc. is $4.21 per share.

What is the enterprise value of W. P. Carey Inc.?

W. P. Carey Inc. has an enterprise value of approximately $21 billion.

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

W. P. Carey Inc. owns 1,266 net lease properties.