This 6%-Yielding Dividend Stock Is Slowly Rebuilding to Support Growth in 2025
WPCW. P. Carey(WPC) The Motley Fool·2024-10-31 17:33

W.P. Carey expects to get back on a growth trajectory in 2025. This year is a transitional period for W.P. Carey (WPC -0.90%). The diversified real estate investment trust (REIT) opted to exit the office sector late last year. As a result, it had to reset its dividend to reflect its reduced earnings and a desire to retain more cash to invest in rebuilding its portfolio. However, even with that payout cut, the REIT's dividend yields more than 6% these days. The company's portfolio shift has acted as a growth ...