Stock Purchase - WPC (20 shares, $76 dividend income)

Volatility in the fixed income sector has gotten me into bargain shopping mode and chasing yield. After some scanning, waiting and $aving, I finally bought some shares of W.P. Carey Inc (NYSE:WPC)

W. P. Carey Inc. is a REIT that invests in a mixture of commercial properties like office, warehouse, industrial, logistics, retail, hotel, R&D, & self-storage properties. It currently has an impressive yield of almost 6% plus a long history (18 consecutive years yrs of increasing dividend - Dividend Contender on David Fish's list) and revenue growth of 20+% over past 5 years.

I'm sure U.S. and other global stock markets will continue to be volatile heading into an eventual fed rate increase. Despite predictions and news talk of a pending stock market correction, I will still slowly continue to invest in this market and hopefully one day live off its dividends.

This stock purchase will add $76/yr passive income to my dividend income portfolio :)

Basic info:
Market CAP: 6.6B EPS: $1.20 Dividend: ~6%