Yesterday the Board of Directors of W. P. Carey announced a quarterly dividend increase of from $ 0.9646 to $ 0.9742 per share that’s payable April 15, 2016 to holders of record March 31, 2016. This represents a 2.28 % increase over the first quarter 2015 dividend of $ 0.9525 per share and a 0.96 % increase over for the fourth quarter 2015 of $ 0.9646 per share. With current price $ 61.23 (today's open), this raise brings their dividend yield to 6.36 %.
Since I own 30 shares, this will increase my portfolio's projected annual net dividend income by $ 0.86.
That increase rises my YOC to 6.34 %.
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You can follow the development of my dividends here.
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