W.P. Carey Raises Distribution for 43rd Straight Quarter
W.P. Carey & Co. (WPC) declared a quarterly distribution of $0.563 per share this morning, bumping its payout by 0.54%. This marks the 43rd consecutive quarter the investment management company has given its shareholders a raise.
Shares of WPC closed Wednesday’s session trading at $41.42, where they now carry a 5.44% dividend yield.
W.P. Carey has raised its payout every quarter dating back to 2001, and improved its annual dividend output every year since 1998. Most of the increases have been nominal, save for the 7% dividend hike uncorked by the company in June.
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