Easy Extra Money Idea of the Day:
An under the radar stock in my dividend portfolio is W.P. Carey (WPC). WPC is a REIT and they own and invest in commercial properties leased to tenants including office, warehouse, industrial, logistics, retail, hotel, R&D, and self-storage properties.
One of the reasons I like WPC is because of the diversity in their holdings. Some REITS are focused on one type of industry or location, but W.P. Carey invests in many different industries and their holdings are not just USA based (all of which helps to limit risk). Their dividend growth rate has slowed in recent years but they are steady.
- WPC invests in the real estate markets around the world.
- Founded in 1973 and based in New York, New York
- Dividend Payout Schedule: 1-4-7-10
- To create monthly dividend income, pair with an investment from Dividend Payout: 2-5-8-11 and Dividend Payout: 3-6-9-12
Note that WPC is a REIT (Real Estate Investment Trust) which means that, for tax purposes, its dividends are treated as ordinary income and taxed at a higher rate. So it may be better suited for an IRA (instead of a taxable account).
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