- Pays: quarterly — $0.94 per share ($3.76 a year), raised from $0.93 on June 11, 2026.
- The reset: in December 2023 the dividend was cut from $1.071 to $0.86 (about 20%) as the company spun off and sold its office properties — ending a 24-year streak of annual increases.
- The new streak: raised every quarter since the reset: $0.865, $0.87 … $0.88 (Dec 2024) … $0.92 (Jan 2026), $0.93 (Mar 2026), $0.94 (Jun 2026).
- What it is: one of the largest net-lease REITs — about 1,700 single-tenant industrial, warehouse and retail properties (~185M square feet) across the U.S. and Europe, with rent escalators built into long leases.
- Paying since: 1998 in our data.
Management framed the 2023 move as a reset tied to the office exit and a lower payout ratio rather than a cut — but it was a 20% reduction, and it broke one of the REIT sector's longest growth streaks. The quarterly raises since are the rebuild.
WPC pays quarterly. Each point below is one dividend since 1998 — a long climb, one step down in early 2024, then small steps up every quarter.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
- Trailing 12 months: $3.70 per share across 4 payments — up 4% from $3.54 in the 12 months before (split-adjusted, in today's share terms). What a change like that does to your income →
- Current pace: recent payments annualize to $3.62 — 2% below the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
- Share price, same 12 months: up 3% (dividends excluded) — income and principal are one story. Erosion Index →
- Record: 114 payments over 28 years; the largest single payment was $1.05 (Sep 2023), split-adjusted.
- Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →
Every figure above is computed from WPC's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.
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| Recent Ex-Dividend Dates | Dividend / Share |
|---|
"Next expected" is estimated from WPC's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
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These are assumptions, not a prediction. Want the full chart and tax options? Open the full calculator →
For twenty-four years W. P. Carey raised its dividend annually — a record that made it a dividend- aristocrat of the REIT world. In late 2023 it chose to exit office real estate entirely, spinning off and selling those properties, and reset the dividend 20% lower to match the smaller rent roll. The chart shows the step. It also shows the response: ten consecutive quarterly raises since.
The contrast is VICI, whose streak never broke, and Realty Income, the net-lease benchmark. Overlay WPC against either on the compare tool.
| Year | Total Dividends / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is WPC's Next Ex-Dividend Date?
WPC pays quarterly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from WPC's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
Twenty-Eight Years: The Streak, the Step, the Rebuild
W. P. Carey's chart is three stories in one line: a quarter-century of annual raises, a deliberate 20% reset in the first quarter of 2024, and a new pattern of quarterly increases since. The year-by-year table shows 2024 as the only down year in decades.
Why a Healthy REIT Cut
Office real estate's post-pandemic decline pushed WPC to remove it from the portfolio entirely — a strategic choice that shrank rental income in the short run. Rather than maintain a dividend the smaller rent roll couldn't comfortably cover, management reset it lower and began rebuilding immediately. It's the rare cut that came from strength: the balance sheet and remaining portfolio were sound, and the quarterly raises since suggest the reset was sized conservatively.
Where WPC Fits
As a core net-lease holding with a real (if interrupted) growth record and a portfolio now concentrated in the strongest property types. Beside VICI and O, it rounds out a net-lease income sleeve. Next expected date on the live calendar.
How to Choose Dividend Stocks
Yield traps, coverage, and the difference between paid-to-wait and paid-to-shrink — in plain English.
Read: How to Choose Dividend Stocks