Should You Buy W.P. Carey While It's Below $65?
W. P. Carey(WPC) The Motley Fool·2024-09-27 19:10
This hasn't been the best year for W.P. Carey, but there's a good reason to be excited about the future. It is not a good start to a year when one of the first things you hand investors is a dividend cut. That's exactly how W.P. Carey (WPC 0.45%) began 2024, with a 20% dividend cut. But there's an interesting thing about that 20% number and what came after it. Here's why you might want to buy this dividend-cutter while its shares are below $65 and the dividend yield is above 5.5%. The bad news was announced ...