W. P. Carey Announces 51st Consecutive Quarterly Dividend Increase and Special Fourth Quarter Dividend
Dec 12, 2013
NEW YORK, Dec. 12, 2013 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors has increased its quarterly cash dividend to $0.87 per share, which equates to an annualized rate of $3.48 and marks the Company's 51st consecutive dividend increase.
In addition, W. P. Carey announced that the Board declared a special dividend of $0.11 per share in order to distribute its 2013 taxable income to stockholders. Both dividends are payable on January 15, 2014 to stockholders of record as of December 31, 2013.
W. P. Carey Inc.
Celebrating its 40th anniversary, W. P. Carey Inc. is a publicly traded REIT (NYSE: WPC) that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and owns and manages an investment portfolio totaling over $15 billion. The largest owner/manager of net lease assets, WPC's 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. Its portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows that have enabled WPC to deliver consistent and rising dividend income to investors for nearly four decades. www.wpcarey.com
This press release contains forward-looking statements within the meaning of the Federal securities laws. A number of factors could cause the Company's actual results, performance or achievement to differ materially from those anticipated. Among those risks, trends and uncertainties are the general economic climate; the supply of and demand for office and industrial properties; interest rate levels; the availability of financing; and other risks associated with the acquisition and ownership of properties, including risks that the tenants will not pay rent, or that costs may be greater than anticipated. For further information on factors that could impact the Company, reference is made to the Company's filings with the Securities and Exchange Commission.
W. P. Carey Inc.
Ross & Lawrence
SOURCE W. P. Carey Inc.