W. P. Carey Inc. Increases Quarterly Dividend to $1.04 per Share
NEW YORK, March 12, 2020 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.04 per share, equivalent to an annualized dividend rate of $4.16 per share. The dividend is payable on April 15, 2020 to stockholders of record as of March 31, 2020.
W. P. Carey Inc.
W. P. Carey Inc. ranks among the largest net lease REITs with an enterprise value of approximately $20 billion and a diversified portfolio of operationally-critical commercial real estate that includes 1,214 net lease properties covering approximately 140 million square feet as of December 31, 2019. For over four decades, the company has invested in high-quality single-tenant industrial, warehouse, office, retail and self-storage properties subject to long-term net leases with built-in rent escalators. Its portfolio is located primarily in the U.S. and Northern and Western Europe and is well-diversified by tenant, property type, geographic location and tenant industry.
www.wpcarey.com
Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
[email protected]
Individual Investors:
W. P. Carey Inc.
212-492-8920
[email protected]
Press Contact:
Guy Lawrence
Ross & Lawrence
212-308-3333
[email protected]
SOURCE W. P. Carey Inc.
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