Skip to content
The DI Wire
Click Here to Subscribe to Our Free Daily News Updates

Listed REIT and Sponsor of NTRs Declares Increase to Dividend

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.