W. P. Carey Increases Quarterly Dividend to $0.870 per Share (2024)

FAQs

W. P. Carey Increases Quarterly Dividend to $0.870 per Share? ›

Share this article

Carey(NYSE: WPC) finds itself in today after announcing that it was cutting its dividend by roughly 20% at the end of 2023. A lot of investors simply won't touch a dividend cutter, but it is worth giving this large net lease real estate investment trust (REIT) a second chance.

Carey's dividend yield is 5.7%. From a relative perspective, W.P. Carey's yield is pretty attractive. It's also attractive on an absolute basis, too, noting that the S&P 500 index's yield is a scant 1.2%.

During the past 12 months, W.P. Carey's average Dividends Per Share Growth Rate was -14.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -0.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.20% per year.

Dividend Data

W. P. Carey Inc.'s ( WPC ) dividend yield is 5.6%, which means that for every $100 invested in the company's stock, investors would receive $5.60 in dividends per year. W. P. Carey Inc.'s payout ratio is 147.2% which means that 147.2% of the company's earnings are paid out as dividends.

As of September 05, 2024, WP Carey Inc had a $13.3 billion market capitalization, putting it in the 88th percentile of companies in the REITs - Diversified industry. Currently, WP Carey Inc's price-earnings ratio is 23.3. WP Carey Inc's trailing 12-month revenue is $1.6 billion with a 34.8% profit margin.

In the current month, WPC has received 2 Buy Ratings, 8 Hold Ratings, and 1 Sell Ratings. WPC average Analyst price target in the past 3 months is $60.13.

Is WPC overvalued? ›

Price-To-Earnings vs Fair Ratio: WPC is good value based on its Price-To-Earnings Ratio (23.5x) compared to the estimated Fair Price-To-Earnings Ratio (34.8x).

Stock Price Forecast

The 9 analysts with 12-month price forecasts for W. P. Carey stock have an average target of 61.44, with a low estimate of 54 and a high estimate of 68. The average target predicts a decrease of -1.09% from the current stock price of 62.12.

5.66% forward dividend yield. Top 15%. 1.5% short interest.

Carey (NYSE: WPC) finds itself in today after announcing that it was cutting its dividend by roughly 20% at the end of 2023. A lot of investors simply won't touch a dividend cutter, but it is worth giving this large net lease real estate investment trust (REIT) a second chance.

So, what counts as a “good” dividend payout ratio? Generally speaking, a dividend payout ratio of 30-50% is considered healthy, while anything over 50% could be unsustainable.

VICI Properties Inc.'s ( VICI ) ex-dividend date is September 18, 2024 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. VICI Properties Inc. ( VICI ) pays dividends on a quarterly basis. The next dividend payment is planned on October 3, 2024 .

Carey lose a big chunk of its rental income. Because of that and a desire to realign its dividend payout ratio with its peers, the REIT cut its quarterly payment by nearly 20% in early December. That reduction marked the end of an era for W. P.

Colgate-Palmolive (India) Ltd Dividend related ratios:

Last dividend date: 14/05/2024. Current Dividend Yield: 1.59% Annual dividend payment: ₹58.

What Is a Final Dividend? A final dividend is declared at a company's annual general meeting (AGM) for a given fiscal year. This amount is calculated after all year-end financial statements are recorded and the directors are made aware of the company's profitability and financial health.

For the year ending March 2024 Power Grid Corporation of India has declared an equity dividend of 112.50% amounting to Rs 11.25 per share. At the current share price of Rs 334.15 this results in a dividend yield of 3.37%.