W.P. Carey Inc., sponsor of a series of non-traded real estate investment trusts (REITs), increased its quarterly cash dividend for the 56th consecutive quarter.
The publicly-traded global net-lease REIT’s Board of Directors increased its quarterly cash dividend to $.9525 per share which equates to $3.81 per share annualized. Stockholders of record as of March 31, 2015 will be paid on April 15, 2015.
W.P. Carey Inc. trades on the New York Stock Exchange under the symbol “WPC” and manages approximately $9.2 billion in non-traded REIT assets.