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W. P. Carey Increases Dividend for 57th Consecutive Quarter

W. P. Carey Inc. (NYSE: WPC), a publicly traded real estate investment trust and sponsor of non-traded REITs, increased its quarterly cash dividend to $0.9540 per share, equivalent to an annualized dividend rate of $3.82 per share. 

The dividend, which will be paid on July 15, 2015 to stockholders of record as of June 30, 2015, marks the company’s 57th consecutive quarterly dividend increase.

In addition to its owned portfolio of diversified global real estate, W.P. Carey manages a series of non-traded publicly registered investment programs with assets under management totaling approximately $9.5 billion. At March 31, 2015, the company had an enterprise value of approximately $11.2 billion.