Is W.P. Carey Stock a Buy Now?
Real estate is one of the oldest ways to invest money and remains extremely popular today. Many people also love the idea of dividends, cash profits that companies give their shareholders to share their success. Most individuals lack the funds or know-how to buy and manage properties. That makes real estate investment trusts (REITs) such a great choice.
These companies buy and lease properties, and pay out most of their income to shareholders. W.P. Carey (NYSE: WPC) has been around for decades but slumped after cutting its dividend in late 2023. Some investors find a dividend cut unforgivable. But has the time come to reconsider this well-known REIT?
Companies, especially well-known dividend payers, don't like cutting their payout. You can see that W.P. Carey's dividend cut ended a long history of steady increases. Ruining that history probably wasn't easy. Yet, sometimes, the right choices can be the hardest to make.
Source Fool.com
