1 Unstoppable High-Yield Dividend Stock to Buy This Fall for a Lifetime of Income
W.P. Carey (NYSE: WPC) has quietly established an elite record of increasing its dividend. The REIT has given its investors a raise every year since its public market listing in 1998. Even better, it has increased the payout every single quarter since 2001.
The diversified REIT most recently nudged its quarterly dividend payment up to $1.071 per share ($4.28 annually), giving it a 6.7% dividend yield at the current share price. That unstoppable growth seems likely to continue. It makes W.P. Carey a great stock to buy this fall for dividend income that could last a lifetime.
W.P. Carey owns a large, well-diversified, income-producing commercial real estate portfolio. It currently has 1,475 single-tenant industrial, warehouse, retail, office, self-storage, and other properties secured by net leases. These properties are operationally critical to its tenants. It also has 85 self-storage properties that it operates.
Source Fool.com
