1 Magnificent High-Yield REIT Stock Down 39% to Buy and Hold Forever [Yahoo! Finance]
W. P. Carey Inc. REIT (WPC)
Last w. p. carey inc. reit earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
wpcarey.com/investor-relations
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Source: Yahoo! Finance
However, certain types of companies are better suited to affording generous dividends. Real estate is a great place to look. Companies that acquire and lease property, called real estate investment trusts (REITs) , must distribute at least 90% of their income to shareholders to avoid paying corporate income tax. W.P. Carey (NYSE: WPC) was a highly regarded REIT but encountered some challenges after the pandemic and cut its dividend. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Today, the stock is down nearly 40% from its high. Given the dividend cut and the stock's decline, it's easy to say, "I'll pass Yet, that could be a big mistake. I'll explain what makes W.P. Carey a top-notch REIT worth buying today and holding potentially forever. Most investors hold REITs for the dividend income, so cutting the dividend will (naturally) not go over well. Here's what happened. W.P. Carey had significant exposure to office
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WPC
News
- 1 High-Yield Dividend Stock Down More Than 15% to Buy and Hold for Decades of Passive Income [Yahoo! Finance]Yahoo! Finance
- W. P. Carey Inc. (NYSE: WPC) had its price target lowered by analysts at UBS Group AG from $62.00 to $60.00. They now have a "neutral" rating on the stock.MarketBeat
- W. P. Carey Inc. Announces Pricing of €600 Million of Senior Unsecured NotesPR Newswire
- ASU MBA ranked No. 1 in the US for entrepreneurship [Yahoo! Finance]Yahoo! Finance
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
WPC
Earnings
- 10/29/24 - Miss
WPC
Sec Filings
- 11/22/24 - Form 4
- 11/19/24 - Form 8-K
- 11/15/24 - Form 4
- WPC's page on the SEC website