Dividend increase #34 of 2026 : W.P. Carey Inc.

W. P. Carey Inc. NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.940 per share, equivalent to an annualized dividend rate of $3.76 per share. The dividend is payable on July 15, 2026 to stockholders of record as of June 30, 2026.

New purchase : W.P. Carey Inc.

Added 8 shares of W.P. Carey Inc. (NYSE:WPC) at $73.36 per share. I now hold 66 shares of W.P. Carey Inc.

Dividend increase #19 of 2026 : W.P. Carey Inc.

W. P. Carey Inc. (NYSE: WPC) Board of Directors increased its quarterly cash dividend to $0.930 per share, equivalent to an annualized dividend rate of $3.72 per share. The dividend is payable on April 15, 2026 to stockholders of record as of March 31, 2026.

Dividend increase #53 of 2025 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.920 per share, equivalent to an annualized dividend rate of $3.68 per share. This represents a 4.5% increase in the dividend compared to the 2024 fourth quarter. The dividend is payable on January 15, 2026 to stockholders of record as of December 31, 2025.

Dividend increase #39 of 2025 : W. P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.910 per share, equivalent to an annualized dividend rate of $3.64 per share. The dividend is payable on October 15, 2025 to stockholders of record as of September 30, 2025.

Dividend increase #33 of 2025 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.900 per share, equivalent to an annualized dividend rate of $3.60 per share. The dividend is payable on July 15, 2025 to stockholders of record as of June 30, 2025.

Dividend increase #20 of 2025 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.890 per share, equivalent to an annualized dividend rate of $3.56 per share. The dividend is payable on April 15, 2025 to stockholders of record as of March 31, 2025.

Dividend increase #51 of 2024 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.880 per share, equivalent to an annualized dividend rate of $3.52 per share. The dividend is payable on January 15, 2025 to stockholders of record as of December 31, 2024.

Dividend increase #35 of 2024 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.875 per share, equivalent to an annualized dividend rate of $3.50 per share. The dividend is payable on October 15, 2024 to stockholders of record as of September 30, 2024.

Dividend increase #29 of 2024 : W. P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.870 per share, equivalent to an annualized dividend rate of $3.48 per share. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 2024.

 

Dividend increase #13 of 2024 : W. P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $0.865 per share, equivalent to an annualized dividend rate of $3.46 per share. The dividend is payable on April 15, 2024 to stockholders of record as of March 28, 2024.

Very nice that they continue same trend as before NLOP split. Beginning of a new streak. 

Dividend decrease #12 of 2023 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors declared a quarterly cash dividend of $0.860 per share, equivalent to an annualized dividend rate of $3.44 per share, reflecting both the Company's strategic plan to exit the office assets within its portfolio (announced on September 21, 2023) and a lower payout ratio. The dividend is payable on January 16, 2024 to stockholders of record as of December 29, 2023.

"The dividend announced takes into account the impacts of our recently announced strategic plan to exit our office assets and sets a new baseline from which to grow going forward. It also reflects a lower payout ratio, enabling us to retain higher cash flow that can be redeployed into new investments. We believe this approach will enhance our cost of capital, supporting AFFO growth and a rising dividend over time, in addition to providing a steady source of income to our shareholders."

 

W.P. Carey spin-off for Net Lease Office Properties is completed

 W. P. Carey Inc. (W. P. Carey, NYSE: WPC) today announced that it has completed the previously announced spin-off of 59 office properties (the "Spin-Off") into Net Lease Office Properties ("NLOP"), a separate, publicly-traded real estate investment trust that will be listed on the New York Stock Exchange ("NYSE") under the symbol "NLOP."

Under the terms of the Spin-Off, W. P. Carey stockholders received one NLOP common share for every 15 shares of W. P. Carey common stock held as of the record date of October 19, 2023. W. P. Carey stockholders will receive cash in lieu of any fractional shares they would otherwise have been entitled to receive in the distribution.

In addition W.P. Carey also declared a dividend of $1.048494 per share which is a 1.5% decrease from previous quarter dividend. This decrease is related to spin-off so I will not consider it as a dividend cut.

 

W.P. Carey spin-off information

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) today announced that the Registration Statement on Form 10 associated with the previously announced plan to spin off 59 office properties (the "Spin-Off"), filed under the newly created company Net Lease Office Properties ("NLOP"), that will be a separate, publicly-traded real estate investment trust, was declared effective on October 6, 2023. W. P. Carey has declared October 19, 2023 as the record date for the Spin-Off and November 1, 2023 as the distribution date for the Spin-Off.

The dates set forth above may be delayed subject to satisfaction or waiver of the conditions to the Spin-Off. The Spin-Off will be accomplished via a pro rata dividend of one NLOP common share for every 15 shares of W. P. Carey common stock outstanding as of the record date for the Spin-Off. W. P. Carey stockholders will receive cash in lieu of fractional shares in the Spin-Off. No action is required by W. P. Carey stockholders in order to receive common shares of NLOP in the Spin-Off.

 Since I own  58 shares of WPC, I will be receiving 3 shares of NLOP and some cash.

W.P. Carey to spin-off Office assets to a new REIT

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) today announced that its Board of Directors has unanimously approved a plan to exit the office assets within its portfolio by (i) spinning-off 59 office properties into Net Lease Office Properties ("NLOP"), so that it will become a separate publicly-traded REIT (the "Spin-Off"), and (ii) implementing an asset sale program to dispose of 87 office properties retained by W. P. Carey (the "Office Sale Program"). The Spin-Off is expected to close on or around November 1, 2023, subject to the satisfaction of certain conditions, and all sales under the Office Sale Program are targeted to be completed by January 2024.

The Spin-Off, which does not require shareholder approval, is expected to close on or around November 1, 2023, subject to certain closing conditions. Upon completion, W. P. Carey stockholders as of the record date for the Spin-Off will receive shares of NLOP via a pro rata special distribution, which is expected to be taxable for U.S. federal income tax purposes. Shares of NLOP are expected to trade on the New York Stock Exchange under the ticker symbol NLOP.

 WPC also announced that dividend will be decreased after this spin-off which is understandable. Lets see how big dividend will be for WPC and NLOP after this spin-off

 

 

Dividend increase #37 of 2023 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.071 per share, equivalent to an annualized dividend rate of $4.28 per share. The dividend is payable on October 16, 2023 to stockholders of record as of September 29, 2023.

Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $23 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate.

Like a clockwork, quarterly increases continue year over year. I like.

 

 

Dividend increase #28 of 2023 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.069 per share, equivalent to an annualized dividend rate of $4.28 per share. The dividend is payable on July 14, 2023 to stockholders of record as of June 30, 2023. 

 Celebrating its 50th anniversary, W. P. Carey ranks among the largest net lease REITs with an enterprise value of approximately $25 billion and a well-diversified portfolio of high-quality, operationally critical commercial real estate, which includes 1,446 net lease properties covering approximately 176 million square feet and a portfolio of 84 self-storage operating properties, as of March 31, 2023. With offices in New York, London, Amsterdam and Dallas, the company remains focused on investing primarily in single-tenant, industrial, warehouse and retail properties located in the U.S. and Northern and Western Europe, under long-term net leases with built-in rent escalations.

Dividend increase #14 of 2023 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.067 per share, equivalent to an annualized dividend rate of $4.27 per share. The dividend is payable on April 14, 2023 to stockholders of record as of March 31, 2023.

 

Dividend increase #61 of 2022 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.065 per share, equivalent to an annualized dividend rate of $4.26 per share. 

The dividend is payable on January 13, 2023 to stockholders of record as of December 30, 2022.

 

 

Dividend increase #42 of 2022 : W.P. Carey Inc.

W. P. Carey Inc. (W. P. Carey, NYSE: WPC) reported today that its Board of Directors increased its quarterly cash dividend to $1.061 per share, equivalent to an annualized dividend rate of $4.24 per share. The dividend is payable on October 14, 2022 to stockholders of record as of September 30, 2022.