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Data last updated: Jul 06, 2026
Snapshot (as of Jul 06, 2026): W. P. Carey Inc. (WPC) pays a $3.70 annual dividend ($0.94 quarterly), yielding 5.19% at $71.32/share. Next ex-dividend date 2026-06-30. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.19%
Annual Dividend: $3.70 per share
Payout Ratio: 154.8% (based on depressed trailing earnings — see safety analysis below)
Ex-Dividend Date: 2026-06-30
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 29
W. P. Carey Inc. is a net lease REIT managing over 1,215 single-tenant industrial, warehouse, office, and self-storage properties across the U.S. and Europe. The W. P. Carey Inc. dividend currently yields 5.19%, with a trailing annual rate of $3.70 per share paid quarterly. The next ex-dividend date is June 30, 2026, with the most recent quarterly payment at $0.94 per share. A beta of 0.785 means WPC stock moves less than the broader market, which suits income-focused investors who prioritize lower volatility over capital gains.
W. P. Carey Inc. pays out 154.8% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, which means current earnings alone do not fully cover the dividend. W. P. Carey Inc. dividend safety is a legitimate concern here, and the dividend history reinforces it: per-share payments fell from $4.242 in 2022 to $3.490 in 2024, a decline of roughly 17.7% over two years. The long-term net leases with built-in rent increases across WPC's portfolio provide a degree of recurring income, but the payout ratio leaves little room for earnings pressure.
W. P. Carey Inc. dividend history shows a CAGR of 3.7% per year from 2011 to 2025. Per-share payments grew from $2.185 to $3.620 over that window (2026 data is a partial year and excluded from this calculation). The largest annual increase in the window was 38.8% in 2013, but the history also contains at least one year-over-year decline exceeding 5%, most visibly the drop from $4.242 in 2022 to $3.490 in 2024. Growth is uneven, and the recent cuts mean the 3.7% long-run CAGR overstates what investors have experienced in the past few years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -5.1% | $4.24 (2022) | $3.62 (2025) |
| 5-Year | -2.8% | $4.17 (2020) | $3.62 (2025) |
| 10-Year | -0.6% | $3.83 (2015) | $3.62 (2025) |
WPC stock fits income-focused investors who want a high current yield from a large, geographically diversified net lease portfolio. The yield is classified as high (above 4%), currently at 5.19%, which sits below the 5-year average of 5.5%, so the stock is not at a historically elevated yield relative to its own baseline. The trade-off is real: a payout ratio of 154.8% and a dividend that was cut between 2022 and 2024 mean income is not guaranteed to hold at current levels. What an investor gets is meaningful quarterly income backed by long-term net leases with built-in rent escalators. What they accept is a payout structure that has already demonstrated it can move lower.
| Payment Date | Amount per Share |
|---|---|
| 2026-06-30 | $0.9400 |
| 2026-03-31 | $0.9300 |
| 2025-12-31 | $0.9200 |
| 2025-09-30 | $0.9100 |
| 2025-06-30 | $0.9000 |
| 2025-03-31 | $0.8900 |
| 2024-12-31 | $0.8800 |
| 2024-09-30 | $0.8750 |
| 2024-06-28 | $0.8700 |
| 2024-03-27 | $0.8650 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.8700 |
| 2025 | $3.6200 |
| 2024 | $3.4900 |
| 2023 | $4.0670 |
| 2022 | $4.2420 |
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