Want a Dividend You Can Trust? Try W.P. Carey
W.P. Carey (NYSE: WPC) has done something very special this year by increasing its dividend each and every quarter. While there are no guarantees about the future, this real estate investment trust (REIT) is proving during one of the worst market environments in recent memory that investors can trust its dividend. Here's what you need to know about this dividend stalwart.
W.P. Carey's core business is owning single-tenant properties. The real estate investment trust uses a net-lease model, which means that its lessees are responsible for most of the operating costs of the properties they occupy. This is generally considered a low-risk operating model, and one that many landlords use. However, the COVID-19-driven recession has demonstrated the strength of W.P. Carey, which takes a slightly different approach to the space.
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Source Fool.com
