W.P. Carey raises dividend to 50 cents
W.P. Carey raises quarterly dividend to 50 cents from 49.75 cents
- On 4:42 pm EDT, Thursday September 17, 2009
NEW YORK (AP) -- W.P. Carey & Co., an investment firm focused on real estate financing, increased its quarterly dividend to 50 cents from 49.75 cents.
It will be paid on Oct. 15 to shareholders of record as of Sept. 30. The New York firm said it was the 34th consecutive increase in its quarterly dividend.
Including the upcoming payout, W.P. Carey said that along with its affiliates it will have paid more than $3 billion in distributions since 1979. Several affiliates also raised their quarterly dividends.
W.P. Carey shares rose 7 cents to close at $28.50 on Thursday.
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