W. P. Carey Increases Quarterly Dividend From $1.067 To $1.069 Per Share
Portfolio Pulse from Benzinga Newsdesk
W. P. Carey Inc. (NYSE:WPC) announced that its Board of Directors has increased its quarterly cash dividend from $1.067 to $1.069 per share, equivalent to an annualized dividend rate of $4.28 per share. The dividend will be payable on July 14, 2023 to stockholders of record as of June 30, 2023.
June 15, 2023 | 8:31 pm
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W. P. Carey's quarterly cash dividend has been increased from $1.067 to $1.069 per share, which may attract income-focused investors.
The increase in W. P. Carey's quarterly cash dividend may have a positive short-term impact on its stock price, as it could attract income-focused investors seeking higher dividend yields. This news is highly relevant to WPC and important for investors who prioritize dividend income.
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