W.P. Carey Inc. REIT (NYSE:WPC) announced a quarterly dividend on Thursday, June 16th. Stockholders of record on Thursday, June 30th will be given a dividend of 0.98 per share on Friday, July 15th. This represents a $3.92 annualized dividend and a dividend yield of 5.79%. This is an increase from W.P. Carey Inc. REIT’s previous quarterly dividend of $0.97.
My YOC has been improved to 6.4% from 6.2%. As I have 100 shares, $392 gross dividend will come from my position in WPC for the next 12 months.
Disclosure: Long WPC