W. P. Carey Inc. Increases Quarterly Dividend to $1.057 per Share

W. P. Carey reported an increase in its quarterly cash dividend to $1.057 per share, translating to an annualized rate of $4.23.

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Rhea-AI Summary

W. P. Carey reported an increase in its quarterly cash dividend to $1.057 per share, translating to an annualized rate of $4.23. The new dividend is set for payment on April 14, 2022, for stockholders recorded by March 31, 2022. As one of the largest net lease REITs, W. P. Carey boasts an enterprise value of approximately $22 billion and a diversified portfolio comprising 1,304 properties, totaling around 156 million square feet as of December 31, 2021.

Positive

Quarterly dividend increased to $1.057 per share.
Annualized dividend rate now $4.23 per share.
Strong enterprise value of approximately $22 billion.
Diverse portfolio of 1,304 properties covering 156 million square feet.

Negative

None.

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News Market Reaction – WPC

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03/10/2022 - 04:30 PM EST

NEW YORK, March 10, 2022 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.057 per share, equivalent to an annualized dividend rate of $4.23 per share. The dividend is payable on April 14, 2022 to stockholders of record as of March 31, 2022.

W. P. Carey Inc.

W. P. Carey Inc. 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 1,304 net lease properties covering approximately 156 million square feet as of December 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
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

View original content to download multimedia:https://www.prnewswire.com/news-releases/w-p-carey-inc-increases-quarterly-dividend-to-1-057-per-share-301500509.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?

W. P. Carey's new quarterly dividend amount is $1.057 per share.

When will WPC pay its dividend?

The dividend will be paid on April 14, 2022.

What is the annualized dividend rate for WPC?

The annualized dividend rate for W. P. Carey is $4.23 per share.

Who is eligible for the WPC dividend?

Stockholders of record as of March 31, 2022, are eligible for the dividend.

How many properties does WPC have?

W. P. Carey has a portfolio of 1,304 net lease properties.

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W. P. Carey Inc. Increases Quarterly Dividend to $1.057 per Share