W. P. Carey Inc. reported on December 12, 2024, that its Board of Directors increased the quarterly cash dividend to $0.880 per share. This adjustment translates to an annualized dividend rate of $3.52 per share. The dividend is payable on January 15, 2025, to stockholders of record as of December 31, 2024.
This marks another increase in the company's dividend, underscoring its commitment to providing consistent returns to investors. The decision reflects management's positive outlook on the company's financial performance and its ability to generate stable cash flows. Such increases are a key indicator of a REIT's health and its capacity for sustained income generation.
The company's portfolio, comprising 1,430 net lease properties and 78 self-storage operating properties as of September 30, 2024, continues to provide a foundation for these distributions. W. P. Carey focuses on single-tenant industrial, warehouse, and retail properties in the U.S. and Northern and Western Europe, benefiting from long-term net leases with built-in rent escalations.
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