W.P. Carey Inc. (WPC) To Go Ex-Dividend on June 30th

W.P. Carey Inc. (NYSE:WPC) declared a quarterly dividend on Thursday, June 11th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.94 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.93.

W.P. Carey has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. W.P. Carey has a dividend payout ratio of 139.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect W.P. Carey to earn $5.20 per share next year, which means the company should continue to be able to cover its $3.76 annual dividend with an expected future payout ratio of 72.3%.

W.P. Carey Price Performance

Shares of W.P. Carey stock opened at $73.87 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s 50-day simple moving average is $73.80 and its 200-day simple moving average is $70.80. W.P. Carey has a twelve month low of $61.09 and a twelve month high of $76.97. The firm has a market cap of $16.45 billion, a P/E ratio of 31.57, a price-to-earnings-growth ratio of 2.86 and a beta of 0.76.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.69. The firm had revenue of $454.51 million for the quarter, compared to analysts’ expectations of $430.64 million. W.P. Carey had a return on equity of 6.29% and a net margin of 29.35%.The business’s revenue was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.17 earnings per share. W.P. Carey has set its FY 2026 guidance at 5.160-5.260 EPS. As a group, research analysts expect that W.P. Carey will post 5.04 EPS for the current fiscal year.

About W.P. Carey

W. P. Carey Inc is a diversified net-lease real estate investment trust specializing in single-tenant commercial properties. The company structures sale-leaseback and build-to-suit transactions to provide long-term net lease financing across a variety of asset classes, including industrial facilities, office buildings, retail centers and self-storage facilities. By employing triple net leases, W. P. Carey transfers property operating expenses, taxes and maintenance responsibility to tenants, creating a stable, predictable income stream for investors.

Founded in 1973 by William Polk Carey, the firm has expanded organically and through strategic mergers and acquisitions.