In 2014, 2013 and 2012, we
paid all of our dividends in cash. The following summarizes the
taxability of our common and preferred stock dividends for the
years ended December 31:
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2014 (1)(2) |
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2013 |
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2012 |
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Common Stock:
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Ordinary income
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$ |
0.29 |
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$ |
- |
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$ |
0.38 |
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Qualified
dividend
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0.41 |
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- |
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0.20 |
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Capital gains
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0.62 |
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1.12 |
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0.54 |
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Total
distribution
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$ |
1.32 |
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$ |
1.12 |
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$ |
1.12 |
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Preferred Stock - Series L
(3):
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Ordinary income
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$ |
- - |
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$ |
- |
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$ |
0.55 |
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Qualified
dividend
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- - |
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- |
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0.28 |
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Capital gains
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- - |
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0.41 |
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0.80 |
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Total dividend
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$ |
- - |
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$ |
0.41 |
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$ |
1.63 |
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Preferred Stock - Series M,
R and S (3):
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Ordinary income
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$ |
- - |
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$ |
- |
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$ |
0.57 |
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Qualified
dividend
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- - |
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- |
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0.30 |
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Capital gains
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- - |
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0.42 |
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0.82 |
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Total dividend
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$ |
- - |
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$ |
0.42 |
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$ |
1.69 |
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Preferred Stock - Series O
(3):
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Ordinary income
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$ |
- - |
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$ |
- |
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$ |
0.59 |
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Qualified
dividend
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- - |
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- |
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0.31 |
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Capital gains
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- - |
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0.44 |
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0.85 |
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Total dividend
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$ |
- - |
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$ |
0.44 |
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$ |
1.75 |
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Preferred Stock - Series P
(3):
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Ordinary income
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$ |
- - |
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$ |
- |
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$ |
0.58 |
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Qualified
dividend
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- - |
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- |
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0.30 |
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Capital gains
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- - |
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0.43 |
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0.83 |
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Total dividend
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$ |
- - |
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$ |
0.43 |
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$ |
1.71 |
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Preferred Stock - Series
Q:
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Ordinary income
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$ |
0.71 |
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$ |
- |
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$ |
1.44 |
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Qualified
dividend
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1.01 |
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- |
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0.75 |
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Capital gains
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2.55 |
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4.27 |
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2.08 |
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Total dividend
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$ |
4.27 |
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$ |
4.27 |
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$ |
4.27 |
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| (1) |
Items indicated by
‘- - ‘ are not applicable. |
| (2) |
Taxability for 2014 is
estimated. |
| (3) |
As discussed above, in
April 2013, we redeemed all of the outstanding series L, M, O, P, R
and S preferred stock. |
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