W.P. Carey Inc. (WPC) To Go Ex-Dividend on March 31st

W.P. Carey Inc. (NYSE:WPC) declared a quarterly dividend on Thursday, March 12th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.93 per share by the real estate investment trust on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Tuesday, March 31st. This is a 1.1% increase from W.P. Carey’s previous quarterly dividend of $0.92.

W.P. Carey has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. W.P. Carey has a payout ratio of 136.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect W.P. Carey to earn $4.72 per share next year, which means the company should continue to be able to cover its $3.68 annual dividend with an expected future payout ratio of 78.0%.

W.P. Carey Stock Down 0.5%

W.P. Carey stock opened at $71.45 on Friday. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 4.89 and a beta of 0.76. The stock has a fifty day simple moving average of $70.68 and a two-hundred day simple moving average of $68.14. W.P. Carey has a 12 month low of $54.24 and a 12 month high of $75.69. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 1.02.

W.P. Carey (NYSE:WPC) last announced its quarterly earnings results on Tuesday, February 10th. The real estate investment trust reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.02. W.P. Carey had a return on equity of 5.67% and a net margin of 27.17%.The firm had revenue of $444.55 million for the quarter, compared to the consensus estimate of $433.28 million. During the same period in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. W.P. Carey has set its FY 2026 guidance at 5.130-5.230 EPS. Equities analysts predict that W.P. Carey will post 4.87 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.