W. P. Carey Increases Quarterly Dividend From $0.8650 To $0.87 Per Share
Portfolio Pulse from Benzinga Newsdesk
W. P. Carey Inc. (NYSE: WPC) has announced an increase in its quarterly dividend from $0.8650 to $0.87 per share, resulting in an annualized dividend rate of $3.48 per share. The dividend will be payable on July 15, 2024, to stockholders of record as of June 28, 2024.
June 13, 2024 | 8:31 pm
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POSITIVE IMPACT
W. P. Carey Inc. has increased its quarterly dividend to $0.87 per share, which is likely to attract income-focused investors and potentially boost the stock price in the short term.
The increase in the quarterly dividend is a positive signal to investors, indicating financial stability and a commitment to returning value to shareholders. This is likely to attract income-focused investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100