W. P. Carey Inc. Increases Quarterly Dividend to $1.00 per Share
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PR Newswire
NEW YORK, June 16, 2017
NEW YORK, June 16, 2017 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.00 per share, equivalent to an annualized dividend rate of $4.00 per share. The dividend is payable on July 14, 2017 to stockholders of record as of June 30, 2017.
Mark J. DeCesaris, W. P. Carey's Chief Executive Officer, said, "We believe our exclusive focus on net lease investing for our balance sheet will aid the continued growth of our owned portfolio and improve the quality of our earnings. In keeping with our long-standing objective of providing shareholders with consistent, gradually rising dividends and cash flow, W. P. Carey has increased its quarterly dividend to $1.00 per share. This marks the 19th consecutive year in which W. P. Carey has increased its dividend since going public in 1998."
W. P. Carey Inc.
W. P. Carey Inc. is a leading internally-managed net lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions primarily for companies in the U.S. and Europe. At March 31, 2017, the Company had an enterprise value of approximately $10.7 billion. In addition to its owned portfolio of diversified global real estate, W. P. Carey manages a series of non-traded publicly-registered and private investment programs with assets under management of approximately $13.0 billion. Its corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Furthermore, its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows, enabling it to deliver consistent and rising dividend income to investors for over four decades.
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]
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SOURCE W. P. Carey Inc.
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