W.P. Carey Cheers Investors With Dividend Hike: Is It Sustainable?

Shares of W.P. Carey (WPC) closed 1.65% higher on March 14 following the company’s announcement of a 1.1% dividend hike on March 13. WPC will now pay out a first-quarter 2025 cash dividend of 89 cents per share, up from 88 cents paid in the prior quarter.The increased amount will be paid out on April 15 to shareholders on record as of March 31, 2025. Based on the increased rate, the annual dividend comes to $3.56 a share, resulting in an annualized yield of 5.7$62.66 on ...