W. P. Carey Increases Quarterly Dividend From $0.86 To $0.865 Per Share
Portfolio Pulse from Benzinga Newsdesk
W. P. Carey has announced an increase in its quarterly dividend from $0.86 to $0.865 per share, payable on April 15, 2024, to stockholders of record as of March 28, 2024. This change represents an annualized dividend rate of $3.46 per share.
March 14, 2024 | 8:35 pm
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POSITIVE IMPACT
W. P. Carey has increased its quarterly dividend to $0.865 per share, indicating a positive outlook on its financial health and commitment to returning value to shareholders.
Dividend increases are often viewed positively by the market as they signal confidence in the company's financial stability and future earnings potential. This slight increase in W. P. Carey's dividend could attract income-focused investors and potentially lead to a short-term uptick in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100