09-27-2013, 09:33 AM
I pulled the trigger on WPC today @$64.88. Have been tracking the issue for some time. Over the past several months, the share price has had real resilience in bouncing from the $65 support level. Dividend growth has been excellent going back to 1998, with strong acceleration the past couple of years. The company often has an extra large dividend in the last quarter as excess revenue gets distributed.
WPC is a property REIT with excellent management and wide diversification of assets. Current yield is just above 5%. I would be comfortable holding shares for long term, but would probably not go above a 4% weighting. Currently am at 2% weighting.
WPC is a property REIT with excellent management and wide diversification of assets. Current yield is just above 5%. I would be comfortable holding shares for long term, but would probably not go above a 4% weighting. Currently am at 2% weighting.
Alex