NEW YORK, June 20, 2013 /PRNewswire/ -- W. P. Carey Inc. (NYSE: WPC) reported today that its Board of Directors had increased its second quarter 2013 cash dividend to $0.84 per share, which equates to an annualized rate of $3.36. Payable on July 15, 2013 to shareholders of record as of July 1, 2013, this marks the Company's 49th consecutive dividend increase.
W. P. Carey Inc.
Celebrating its 40th anniversary, W. P. Carey Inc. is a publicly traded REIT (NYSE: WPC) that provides long-term sale-leaseback and build-to-suit financing for companies worldwide and owns and manages an investment portfolio totaling approximately $15.2 billion. The largest owner/manager of net lease assets, WPC's corporate finance-focused credit and real estate underwriting process is a constant that has been successfully leveraged across a wide variety of industries and property types. Our portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows that have enabled the Company to deliver consistent and rising dividend income to investors for nearly four decades. www.wpcarey.com
SOURCE W. P. Carey Inc.