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Data last updated: Oct 12, 2026
Snapshot (as of Oct 12, 2026): W. P. Carey Inc. (WPC) pays a $3.70 annual dividend ($0.95 quarterly), yielding 6.00% at $63.37/share. Next ex-dividend date 2026-09-30. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 6.00%
Annual Dividend: $3.70 per share
Payout Ratio: 126.7%
Ex-Dividend Date: 2026-09-30
Dividend Frequency: quarterly
Sector: Real Estate
Years of Dividend History: 29
W. P. Carey Inc. dividend income comes from one of the largest diversified net lease REITs in the U.S., with a portfolio of 1,215 properties spanning industrial, warehouse, office, retail, and self-storage assets across the U.S. and Europe. WPC currently yields 5.58%, with a trailing annual dividend rate of $3.70 per share paid quarterly. The next ex-dividend date is September 30, 2026. A beta of 0.774 makes this a lower-volatility equity, which appeals to income-focused investors who prioritize steadier price behavior over high capital appreciation.
W. P. Carey Inc. pays out 124.7% of earnings as dividends, a payout ratio classified as high (above 75%). The company's long-term net leases on essential single-tenant properties, which carry built-in rent increases, provide a recurring revenue base that partially supports the current payment level. W. P. Carey Inc. dividend safety is complicated by the fact that the payout ratio exceeds 100%, meaning the dividend is not fully covered by reported earnings, and the history table shows year-over-year declines in 2023 and 2024, which are the most concrete data-supported pressure points.
W. P. Carey Inc. dividend history shows a CAGR of 3.8% per year from 2011 to 2025. Per-share payments grew from $2.14 to $3.62 over that window (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 43.3% in 2013, but the data also contains at least one year-over-year decline exceeding 5%, most visibly in 2024 when the annual total fell from $4.00 to $3.49.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | -4.5% | $4.15 (2022) | $3.62 (2025) |
| 5-Year | -2.4% | $4.09 (2020) | $3.62 (2025) |
| 10-Year | -0.3% | $3.75 (2015) | $3.62 (2025) |
W. P. Carey Inc. suits income-focused investors who want exposure to a large, geographically diversified net lease REIT and are comfortable accepting an elevated payout ratio in exchange for a high yield. At 5.58%, the current WPC dividend yield sits below the 5-year average of 5.85%, which means buyers today are getting slightly less income relative to price than the historical norm. The payout ratio of 124.7% is the central trade-off: the yield is high (above 4%), but earnings do not fully cover the dividend at current levels. What an investor gets here is meaningful quarterly income from a large, diversified real estate portfolio. What they accept is a dividend that has already been trimmed and carries ongoing coverage pressure.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-30 | $0.9500 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.8200 |
| 2025 | $3.6200 |
| 2024 | $3.4900 |
| 2023 | $4.0011 |
| 2022 | $4.1548 |
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