Tuesday, March 22, 2016

Dividend Increase – W. P. Carey Inc. (WPC)


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.

Thanks for stopping by!

5 comments:

  1. Adam - IWTRSMarch 22, 2016 at 6:56 PM

    I missed this release from WPC. Thanks for the heads up! MY 100 shares will see a bit of a bump...

    -Adam

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    Replies
    1. AnonymousMarch 25, 2016 at 11:58 AM

      Teke a look at http://ir.wpcarey.com/CorporateProfile.aspx?iid=4054624

      Delete
  2. vivianneMarch 22, 2016 at 9:58 PM

    I bought WPC last year, and I'm happy with the yields. Although, I saw some of the guru has been moving their asset out of the REITs. What's your take?

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    Replies
    1. DividendHawkMarch 23, 2016 at 5:50 PM

      Hi vivianne

      Interest rate rise expectation is certainly transferred funds from the REIT, but I believe that quality companies will continue in the same old way.

      Thanks for stopping by!
      DH

      Delete
  3. DividendsdownunderMarch 22, 2016 at 11:51 PM

    Hey DividendHawk,

    Congrats on the pay rise! A raise after starting with a big yield is a great bonus.

    Tristan

    ReplyDelete