WPC Dividend Calculator

On September 21, 2023, W. P. Carey said it would leave the office property business. It planned to spin 59 office buildings off into a new REIT, Net Lease Office Properties, and to sell 87 more. The spin-off was completed on November 1, 2023.

At the same time the company said it would reset its dividend, aiming to pay out about 70% to 75% of its AFFO, a REIT cash flow measure. In December 2023 the board declared $0.86 a share, down from $1.071 the quarter before. W. P. Carey said the lower rate reflected both the office exit and the lower payout ratio.

Before the reset the payout crept up slowly. It went from $3.685 a share in 2014 to $4.242 in 2022, about 1.8% a year. The reset then pulled the yearly total down 4.1% in 2023, to $4.067, and another 14.2% in 2024, to $3.49.

Growth came back in 2025, when W. P. Carey paid $3.62 a share, 3.7% more. Three payments with 2026 ex-dates add up to $2.82.

Since the $0.86 restart, the rate has gone up every quarter. It climbed half a cent at a time in 2024, from $0.865 to $0.88, and a full cent at a time after that. The September 2026 payment was $0.95 a share.

That makes 11 raises in a row. At $0.95 the yearly rate is $3.80, still well below the $4.28 that the old $1.071 rate paid.

This page does not give advice, but W. P. Carey’s figures are public. Its AFFO was $1.34 a share in the second quarter of 2026, and the $0.94 dividend that quarter was about 70% of it. In July the company raised its full-year AFFO forecast to $5.19 to $5.27 a share. The $3.80 rate is about 73% of the midpoint, inside the range it set in 2023.

Its July report counted $1.3 billion of new investments so far in 2026. It also raised its full-year investment target to $1.7 billion to $2.1 billion.

W. P. Carey is a net lease REIT. Single tenants rent its buildings on long leases and cover most property costs. It invests mainly in industrial, warehouse and retail property in the U.S. and Europe.

At the end of June 2026 it owned 1,748 properties leased to 384 tenants. Occupancy was 98.5%, and leases had 12.2 years left on average. Contract rent on the same properties grew 2.6% over the year. It has also sold its self-storage business: 63 properties in 2025 and 11 more early in 2026.

In the year to Oct 13, 2026, W. P. Carey paid $3.74 a share. Divide that by a share price of about $63.28 and the trailing yield comes to roughly 5.91%. Two other net lease REITs, Realty Income and NNN REIT, yielded about 5.95% and 6.11%.

W. P. Carey does not pay monthly. It pays quarterly, with ex-dates near the end of March, June, September and December. The cash arrives about two weeks later, around the 15th of January, April, July and October.

W. P. Carey had not announced its December 2026 dividend as of October 16, 2026.

As of Oct 13, 2026, WPC yields about 5.91%, having distributed $3.74 per share over the trailing twelve months.

Its most recent payment was $0.95 per share, which went ex-dividend on Sep 30, 2026 and paid on Oct 15, 2026.

Over the payments shown, WPC has raised its quarterly dividend from $0.90 to $0.95 per share — an increase of about 6%.

W. P. Carey is one of the largest net-lease REITs, owning a diversified portfolio of single-tenant industrial, warehouse, and retail properties across the US and Europe under long-term leases with built-in rent escalations. It pays a quarterly dividend.

WPC is a reit from W. P. Carey that distributes quarterly. Because dividend investing is about both income and the growth of that income, the calculator above lets you model three things independently for WPC: the starting yield, how fast the dividend grows each year, and how fast the share price appreciates. That separation matters most for high-yield versus dividend-growth choices, where a lower starting yield that grows quickly can overtake a higher static yield over time.