W. P. Carey Raises Quarterly Dividend After 2024 Cut
W. P. Carey lifted its quarterly dividend to $0.94 per share, marking one year of renewed growth after a 2024 reduction tied to its portfolio reshaping.
WPC — W. P. Carey Inc.
W. P. Carey Inc. increased its quarterly dividend to $0.94 per share from $0.93, with the shares trading ex-dividend on June 30, 2026. The new payout implies an annual dividend of $3.76 per share and a forward annual yield of 5.26%, based on a share price of $71.50.
The increase amounts to 1.08% and gives the real estate investment trust one consecutive year of dividend growth. W. P. Carey, a Real Estate company focused on net-lease properties, has a market capitalization of $15.93 billion.
Context
The latest increase follows a reset in W. P. Carey’s dividend record after a cut in 2024. That reduction came after the company moved to exit office real estate, a step it said was intended to improve portfolio quality, earnings stability and its credit profile. Investopedia reported at the time that W. P. Carey planned to spin off or sell its office assets as weaker demand for office space weighed on the sector, citing the company’s announced strategy and comments from Chief Executive Jason Fox. Investopedia
W. P. Carey completed the spin-off of Net Lease Office Properties in 2023, according to company materials cited in public company profiles, leaving the REIT more concentrated in non-office net-lease real estate. Its filings describe a diversified portfolio of single-tenant net-lease properties across the United States and Europe, a business model in which tenants generally bear many property-level costs under long-term leases. SEC company filings
The dividend increase is therefore modest but notable because it extends the company’s post-cut rebuilding phase. For REITs, dividend capacity is closely tied to property income, capital costs, asset sales and access to financing, so management’s portfolio simplification remains an important backdrop for the payout.
What It Means For Income Investors
For income-focused holders, the new dividend represents a higher quarterly cash payment and a 5.26% forward annual yield using the locked share price. The increase does not restore the pre-cut dividend record; W. P. Carey’s current growth streak stands at one year, and its dividend safety score is 51 out of 100, or a C grade. That combination points to a payout that has resumed growth, but with a history that still reflects the 2024 reset.
WPC dividend data
From the SmarterDividends dataset, updated daily
- Forward yield
- 5.83%
- Payout ratio
- 127%
- Growth streak
- 1 yrs
- Safety grade
- C · 52/100
| Ex-dividend date | Amount | Change |
|---|---|---|
| Sep 30, 2026 | $0.9500 | +1.1% |
| Jun 30, 2026 | $0.9400 | +1.1% |
| Mar 31, 2026 | $0.9300 | +1.1% |
| Dec 31, 2025 | $0.9200 | +1.1% |
| Sep 30, 2025 | $0.9100 | +1.1% |
| Jun 30, 2025 | $0.9000 | +1.1% |
| Mar 31, 2025 | $0.8900 | +1.1% |
| Dec 31, 2024 | $0.8800 | +0.6% |
Sources
See WPC's full dividend profile
Yield, payout, safety score, history and the next ex-dividend date.
View WPCEvery dividend increases this month, with the data behind it: Dividend Increases, July 2026.
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