NEW YORK, March 15, 2018 /PRNewswire/ -- W. P. Carey
Inc. (NYSE: WPC) reported today that its Board of Directors
increased its quarterly cash dividend to $1.015 per share, equivalent to an annualized
dividend rate of $4.06 per share. The
dividend is payable on April 16, 2018
to stockholders of record as of March 29,
2018.
"W. P. Carey has delivered consecutive annual dividend increases
since going public in 1998. We are proud of our long-standing track
record of providing shareholders with stable and recurring income
generation across all market cycles," said W. P. Carey CEO
Jason Fox.
W. P. Carey Inc.
Celebrating its 45th
anniversary, W. P. Carey Inc. is a leading internally-managed net
lease REIT that provides long-term sale-leaseback and build-to-suit
financing solutions primarily for companies in the U.S. and
Europe. At December 31, 2017,
the Company had an enterprise value of approximately $11.5 billion. In addition to its owned portfolio
of diversified global real estate, W. P. Carey manages a
series of investment programs. Its corporate finance-focused credit
and real estate underwriting process is a constant that has been
successfully leveraged across a wide variety of industries and
property types. Furthermore, its portfolio of long-term leases with
creditworthy tenants has an established history of generating
stable cash flows, enabling it to deliver consistent and rising
dividend income to investors for over four decades.
www.wpcarey.com
Institutional Investors:
Peter Sands
W. P. Carey Inc.
212-492-1110
institutionalir@wpcarey.com
Individual Investors:
W. P. Carey Inc.
212-492-8920
ir@wpcarey.com
Press Contact:
Guy Lawrence
Ross & Lawrence
212-308-3333
gblawrence@rosslawpr.com
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SOURCE W. P. Carey Inc.