W.P. Carey Inc. (NYSE:WPC) Plans Dividend Increase – $0.94 Per Share

W.P. Carey Inc. (NYSE:WPC) declared a quarterly dividend on Thursday, June 11th. Investors of record on Tuesday, June 30th will be given a dividend of 0.94 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, June 30th. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.93.

W.P. Carey has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 2 years. W.P. Carey has a dividend payout ratio of 138.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect W.P. Carey to earn $5.20 per share next year, which means the company should continue to be able to cover its $3.72 annual dividend with an expected future payout ratio of 71.5%.

W.P. Carey Price Performance

NYSE WPC opened at $75.72 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.35 and a quick ratio of 0.35. The stock’s fifty day moving average price is $73.26 and its 200 day moving average price is $70.34. W.P. Carey has a 1 year low of $61.09 and a 1 year high of $76.91. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 32.36, a PEG ratio of 3.24 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.69. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The firm had revenue of $454.51 million for the quarter, compared to the consensus estimate of $430.64 million. During the same period in the prior year, the firm earned $1.17 EPS. The firm’s revenue was up 11.2% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, equities research analysts forecast that W.P. Carey will post 5.04 earnings per share for the current year.

W.P. Carey Company Profile

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.