Want $1,000 in Dividend Income? Here's How Much You Have to Invest in W. P. Carey Stock.

W. P. Carey (NYSE: WPC) has a long history of paying dividends. While the diversified real estate investment trust (REIT) reset its payment level last year after making the strategic decision to exit the troubled office sector, it still offers a high yield. At more than 5.5%, it's significantly above the S&P 500's dividend yield (less than 1.5%). That high dividend yield enables investors to generate more income for every dollar they invest in the REIT's stock.W. P. Carey has been rebuilding its dividend following last year's strategic reset. Its current payment level is up to $0.875 per share each quarter ($3.50 annually). At that dividend payment rate, you'd need to own more than 285 shares to produce $1,000 of dividend income each year. With the stock price recently around $63, you'd have to invest nearly $18,000 in its stock to collect $1,000 of dividend income annually. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool