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

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.

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

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.