Reported about 16 hours ago
W.P. Carey (NYSE: WPC), a real estate investment trust, is currently over 15% below its 52-week high, resulting in a high dividend yield of over 6%, significantly above the S&P 500's 1.2%. After strategic shifts away from the office sector and a reset of its dividend last year, W.P. Carey is now positioned for conservative growth. With a diversified portfolio and strong fundamentals, the REIT is actively acquiring industrial properties and plans to support a steadily rising dividend. This makes it an attractive option for long-term passive income.
Source: YAHOO