W.P. Carey increases dividend

EW YORK, Dec. 18, 2019 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.038 per share, equivalent to an annualized dividend rate of $4.15 per share and marking W. P. Carey's 75^th consecutive quarterly dividend increase since going public in 1998. The dividend is payable on January 15, 2020 to stockholders of record as of December 31, 2019.

Jason Fox, Chief Executive Officer, W. P. Carey, said: "We are extremely proud of our more than 20-year history of annual dividend increases, reflecting our commitment to providing rising income and building long-term value for our shareholders."