From Dividend Reset to Recovery: W.P. Carey's Strategy for Winning Back Wall Street's Trust
W. P. Carey(WPC) The Motley Fool·2024-11-01 18:40
What do you do after a dividend cut? Get right back on the dividend growth path.After 24 years, W.P. Carey's (WPC -0.84%) streak of annual dividend increases was about to hit an important milestone. However, the real estate investment trust (REIT) did something that seemingly made no sense -- it cut its dividend just months short of hitting 25 consecutive annual dividend hikes. Investors were not pleased, but W.P. Carey is hard at work trying to prove that this cut was really just a reset. Here's why this h ...