This More Than 6%-Yielding Dividend Stock Continues to Rebuild Its Payout
W. P. Carey(WPC) The Motley Fool·2024-12-15 17:34
W. P. Carey (WPC 2.10%) has an interesting dividend track record. The real estate investment trust (REIT) had delivered a quarter-century of steady dividend growth until last year. However, that streak abruptly ended when the REIT made the difficult decision to exit the troubled office sector and reset its payment in the process. The company has spent the past year rebuilding its portfolio and shareholder payout. It has gotten back on a growth trajectory, having increased its dividend every quarter in 2024 ...