W. P. Carey Inc. Increases Quarterly Dividend to $1.067 per Share

W. P. Carey Inc. (NYSE: WPC) announced a quarterly cash dividend increase to $1.067 per share, reflecting an annualized rate of $4.27.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

W. P. Carey Inc. (NYSE: WPC) announced a quarterly cash dividend increase to $1.067 per share, reflecting an annualized rate of $4.27. This dividend will be payable on April 14, 2023 to shareholders of record as of March 31, 2023. Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $24 billion. The company manages a diversified portfolio of 1,449 net lease properties covering about 176 million square feet, primarily focused on single-tenant industrial and retail properties in the U.S. and Europe.

Positive

Increased quarterly dividend to $1.067 per share, up from previous amounts.
Annualized dividend rate now at $4.27 per share, enhancing shareholder income.

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

03/09/2023 - 04:30 PM EST

NEW YORK, March 9, 2023 /PRNewswire/ -- W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.067 per share, equivalent to an annualized dividend rate of $4.27 per share. The dividend is payable on April 14, 2023 to stockholders of record as of March 31, 2023.

W. P. Carey Inc.

Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $24 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,449 net lease properties covering approximately 176 million square feet and a portfolio of 84 self-storage operating properties, as of December 31, 2022. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations.

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-1-067-per-share-301768372.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 has increased its dividend to $1.067 per share.

When will the new dividend for WPC be paid?

The dividend will be payable on April 14, 2023.

What is the record date for WPC's dividend payment?

The record date for the dividend payment is March 31, 2023.

What is the annualized dividend rate for WPC?

The annualized dividend rate for W. P. Carey is $4.27 per share.

What is WPC's enterprise value?

W. P. Carey's enterprise value is approximately $24 billion.

Keep reading

W. P. Carey Inc. Increases Quarterly Dividend to $1.067 per Share