W. P. Carey Inc. announced on September 19, 2024, that its Board of Directors increased the quarterly cash dividend to $0.875 per share. This new dividend rate is equivalent to an annualized dividend rate of $3.50 per share. The dividend is scheduled to be paid on October 15, 2024, to stockholders of record as of September 30, 2024.
This dividend increase reflects W. P. Carey's ongoing commitment to returning value to its shareholders. Such a move typically indicates management's confidence in the company's sustained operational performance and its ability to generate predictable cash flows. The increase contributes to the company's track record of consistent dividend growth.
The company maintains a diversified portfolio of high-quality, operationally critical commercial real estate, primarily in the U.S. and Northern and Western Europe. These properties are leased under long-term net agreements with built-in rent escalations, which support stable revenue streams for dividend payments.
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