W.P Carey is shelling out a few more coins to reward its shareholders. The company has declared a $0.84-per-share dividend for its Q2, which will be paid on July 15 to shareholders of record as of July 1.
That amount represents a modest increase of $0.02 per share over the REIT's most recent distribution of $0.82, handed out in April. W.P. Carey has now lifted its regular payout for 49 consecutive quarters. It has risen particularly steeply since the beginning of 2012, when the firm paid $0.563 per share.
The just-declared dividend annualizes to $3.36 per share. That yields 5.2% at the company's most recent closing stock price of $64.35.
The article W.P. Carey Lifts Dividend 2.4% originally appeared on Fool.com.Fool contributor Eric Volkman has no position in W.P. Carey. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.