Capital Investment Case Studies
History of Consistent Dividend Growth
W. P. Carey has increased its dividend every year since going public in 1998
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Current annualized dividend of $4.28 with a yield of 6.3% (1)
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Conservative and stable payout ratio since conversion to a REIT in September 2012
Dividends per Share (2)
$2.44
$2.19
$1.65
$1.67 $1.69
$1.70
$1.72 $1.73
$1.76
$1.79
$1.82 $1.88
$1.96 $2.00 $2.03
W. P. CAREY
$5.00
$3.93
$4.01
$4.09 $4.14
$4.17
$4.21 $4.24 $4.28
$3.83
$3.69
$4.00
$3.39
$3.00
$2.00
$1.00
$0.00
1998 1999 2000 2001 2002
2003 2004
2005 2006 2007
2008 2009 2010
2011
2012
2013 2014
2015 2016
2017 2018 2019 2020 2021 2022 2023
Note: Past performance does not guarantee future results.
1. Based on a stock price of $67.56 as of June 30, 2023, and a cash dividend of $1.069 per share declared during 2Q23.
2. Full year dividends declared per share, excluding special dividends. 2023 represents 2Q23 annualized.
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