W.P. Carey Increases Quarterly Payout to 95 Cents

Shareholders of W.P. Carey are set to receive a slightly larger dividend check this autumn, as the New York-based real estate investment trust lifts its quarterly distribution by 1.1%. The move marks a modest uptick in capital returns for investors holding the firm’s equity as the company navigates current market conditions.

Today, 14:56· Money Talk· 1,435 reads

The board authorized a new payout of 95 cents per share, up from the previous rate of 94 cents. This adjustment brings the total annual dividend to $3.80 per share. Based on the stock's closing price of $66.52 on Thursday, the revised dividend offers an annual yield of approximately 5.71%.

The increased payment is scheduled for distribution on Oct. 15. Investors who are on the company’s books as of the record date on Sept. 30 will qualify for the higher payout.

W.P. Carey Increases Quarterly Payout to 95 Cents

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