W. P. Carey Inc. recently announced a 4.4% increase of its quarterly cash dividend to $0.94 per share. Notching the company’s 54th consecutive quarterly dividend increase, it will be equivalent to an annualized rate of $3.76 per share.
The increase will be made payable on October 15, 2014 to stockholders of record as of September 30, 2014.
W.P. Carey Inc. is a leading global net-lease REIT that specializes in long-term sale-leaseback and back-to-suit financing.
The REIT has paid over $1.5 billion in dividends to investors since going public in 1998 and through the end of Q2 2014, had an enterprise value of approximately $9.9 billion.
The company also sponsors several non-traded REITs with $8.2 billion of assets under management in aggregate.
Its portfolio of long-term leases, creditworthy tenants, and corporate finance-focused credit has contributed to its success in various industries since 1973.