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Data last updated: Aug 31, 2026
Snapshot (as of Aug 31, 2026): W. P. Carey Inc. (WPC) pays a $3.70 annual dividend ($0.94 quarterly), yielding 5.25% at $70.51/share. Next ex-dividend date 2026-06-30. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 5.25%
Annual Dividend: $3.70 per share
Payout Ratio: 124.7%
Ex-Dividend Date: 2026-06-30
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 5.15%, with a trailing annual dividend rate of $3.70 per share paid quarterly. The next ex-dividend date is June 30, 2026, with the last declared quarterly payment at $0.94 per share. At a beta of 0.782, WPC stock moves less than the broader market, a characteristic that tends to appeal to income-focused investors prioritizing lower volatility.
W. P. Carey Inc. pays out 124.7% of earnings as dividends, a payout ratio classified as high (above 75%). That figure exceeds 100%, meaning the dividend currently exceeds reported earnings, which is common for REITs that use funds from operations rather than net income as the primary earnings measure, though W. P. Carey Inc. dividend safety still warrants scrutiny at this level. The most significant data-supported pressure point is the dividend history itself: per-share payments fell from $4.242 in 2022 to $3.490 in 2024, a meaningful year-over-year decline that income investors cannot ignore.
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 window 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, which means the growth line is not uninterrupted. The largest single-year jump was 38.8% in 2013, an outlier that flatters the long-run average.
| 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 fits income-focused investors who want a high current yield from a large, geographically diversified net lease REIT. The yield classification is high (above 4%), and at 5.15% today it sits below the 5-year average of 5.47%, so the current entry point is not historically stretched on yield. The trade-off is real: the payout ratio of 124.7% and a per-share dividend that declined between 2022 and 2024 mean income is not guaranteed to hold at current levels. What an investor gets is a large, diversified property portfolio with built-in lease escalators and a meaningful yield. What they accept is an elevated payout ratio and a dividend that has already been reset lower once within the available history.
| 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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