Global net lease REIT, W.P. Carey, recently announced that its board of directors approved an increase of its quarterly cash dividend to $0.95 per share. The increase results in an annualized rate of $3.80 per share.
The distribution will be payable on January 15, 2015 to stock holders of record as of December 31, 2014. This is W.P. Carey’s 55th consecutive increase for quarterly dividends. To view the company’s dividend history, click here.
As of September 30, 2014, W.P. Carey had an enterprise value of approximately $9.8 billion.
The company specializes in build-to-suit financing and sale-leaseback options for companies around the world. In addition to its own portfolio, W.P. Carey sponsors and manages a series of non-traded REITs that have approximately $8.3 million in assets under management.