5 Best High-Dividend Stocks Under $100

2. W. P. Carey Inc. (NYSE:WPC)

Share Price as of October 18: $71.49
Dividend Yield as of October 18: 5.94%

W. P. Carey Inc. (NYSE:WPC) is a New York-based real estate investment trust that invests in properties leased to single tenants and also specializes in sale-leasebacks. The company’s revenue in Q2 jumped by 9.4% year-over-year to $344.4 million. It remained committed to shareholder value, returning over $207.5 million in dividends in the first half of the year.

On September 28, W. P. Carey Inc. (NYSE:WPC) declared a 0.2% increase in its quarterly dividend to $1.061 per share. This was the company’s third dividend hike this year. Moreover, it also maintains a 26-year track record of consistent dividend growth, coming through as one of the best dividend stocks. As of October 18, the stock’s dividend yield came in at 5.94%.

In October, Raymond James maintained an Outperform rating on W. P. Carey Inc. (NYSE:WPC) with an $80 price target. The firm mentioned that the company is well-positioned relative to its peers in this current environment given its renting business.

At the end of Q2 2022, 17 hedge funds tracked by Insider Monkey owned stakes in W. P. Carey Inc. (NYSE:WPC), down from 22 a quarter earlier. These stakes hold a collective value of over $70.5 million, compared with $128.3 million worth of stakes owned by hedge funds in the previous quarter.