This 5.5%-Yielding Dividend Stock Is Steadily Rebuilding Its Payout Following a Strategic Reset
W. P. Carey(WPC) The Motley Fool·2024-09-24 17:22
W. P. Carey has delivered its third dividend increase since resetting the level last year. W. P. Carey (WPC 1.78%) made a difficult decision last year. The diversified real estate investment trust (REIT) saw a myriad of headwinds facing the office sector, which led it to make the strategic decision to exit that space. As a result of that move and a desire to be more conservative, it also reset its dividend. It has already started to rebuild its portfolio and shareholder payout. With more growth ahead (and a ...