By Dean Seal
The board of W.P. Carey raised the company's quarterly dividend for the fifth time in the past year, this time by 1 cent to 90 cents a share.
The real-estate investment trust said the new payout, an increase of 1.1%, will be paid on July 15 to shareholders of record as of June 30.
On an annualized basis the new payout is equal to $3.60 a share, and represents a yield of 5.7% based on Thursday's closing price of $63.36.
The company raised its dividend by a 1 cent in March, and by a half cent in December, September and in June 2024.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 12, 2025 16:58 ET (20:58 GMT)
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