Where Will Ultra High-Yield W.P. Carey Be in 3 Years?

Dividend investors were shocked when W.P. Carey (NYSE: WPC) announced that it would be cutting its dividend in late 2023. The decision came after 24 consecutive years of dividend increases and was tied to its rip-the-bandage-off move to exit the office sector.At this point, Wall Street may be too downbeat on W.P. Carey's future, considering that it trades with a well-above-average dividend yield. Let's take a closer look at W.P. Carey's prospects over the next three years.Investors willing to buy W.P. Carey today can collect a fat 6.1% yield from the net lease real estate investment trust (REIT). (Net leases require tenants to pay for most property-level operating costs.)Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool