Where Will Ultra High-Yield W.P. Carey Be in 3 Years?
W. P. Carey(WPC) The Motley Fool·2024-11-24 20:00
Dividend investors were shocked when W.P. Carey (WPC 0.44%) announced that it would be cutting its dividend in late 2023. The decision came after 24 consecutive years of dividend increases and was tied to its rip-the-bandage-off move to exit the office sector.At this point, Wall Street may be too downbeat on W.P. Carey's future, considering that it trades with a well-above-average dividend yield. Let's take a closer look at W.P. Carey's prospects over the next three years.The yield is the key factor with W. ...