What Does This High-Yield Stock Look Like After Its Dividend Cut?
W. P. Carey(WPC) The Motley Fool·2024-09-07 21:15
With a yield of 5.8%, this dividend cutter is already trying to win back the confidence of investors. You should give it a second chance. When you let someone down, you have to build back trust. That's the position that W.P. Carey (WPC 1.24%) finds itself in today after announcing that it was cutting its dividend by roughly 20% at the end of 2023. A lot of investors simply won't touch a dividend cutter, but it is worth giving this large net lease real estate investment trust (REIT) a second chance. Here's w ...