Sponsor to non-traded REITs, W.P. Carey announced yesterday that it has increased its quarterly cash dividend to $0.90 per share, which equals an annualized rate of $3.60. The dividend is an increase from the previous quarter’s, which was $0.895. The increase marks W.P. Carey’s 53rd consecutive quarterly dividend increase. The company’s current dividend yield is 5.53%.
The dividend will be payable on July 15, 2014 to stockholders of record as of June 30, 2014.
As a leading global net-lease REIT that provides long-term sale-leaseback and build-to-suit financing solutions, W.P Carey has sponsored a number of non-traded REITs.
Still open to new investors is CPA®:18 – Global, which invests in diversified portfolios of commercial real estate and Carey Watermark Investors, which invests in lodging and lodging-related sectors.