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In 2001 Greg licensed Solomon Asset Management as a registered investment advisory firm to provide institutions and individuals stock market research and investment management. Greg received a bachelor’s degree from Cornell University and a Masters Degree in Public Administration from Kean... More
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  • W. P. Carey Announces Quarterly Dividend Of $0.82  0 comments
    Mar 17, 2013 10:04 AM | about stocks: WPC

    W. P. Carey (NYSE:WPC) declared a quarterly dividend on Thursday, March 14th. Investors of record on Thursday, March 28th will be given a dividend of $0.82 per share on Monday, April 15th.

    This represents a $3.28 dividend on an annualized basis and a yield of 5.13%.

    W. P. Carey recently capped several of its 52-week high marks as it is being recognized by institutional investors and mutual fund managers. The stock's 50-day moving average is currently $58.5. The company has a market cap of $4.380 billion.

    The company last posted quarterly earnings results on February 26th, reporting $1.13 EPS for the quarter. For the same period, W. P. Carey had revenue of $374.00 million for the quarter, compared to the consensus estimate of $327.80 million.

    For greater than 40 years, W. P. Carey has provided long-term sale-leaseback and build-to-suit financing for companies worldwide. The company also owns and manages a worldwide real estate investment portfolio.

    The company's portfolio of long-term leases with creditworthy tenants has an established history of generating stable cash flows that have enabled the WPC to deliver consistent and rising dividend income to investors for nearly four decades.

    Previously, W. P. Carey's Board of Directors raised the quarterly cash dividend to $0.66 per share for the fourth quarter of 2012. The dividend, which is the company's 47th consecutive quarterly increase was paid on January 15, 2013 to stockholders of record as of December 31, 2012. Over the course of 2012, WPC increased their dividend by 17%, to an annualized rate of $2.64 per share.

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