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v3.19.3.a.u2

Distributions Paid and Payable | 12 Months Ended
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Dec. 31, 2019
Dividends [Abstract] |
Distributions Paid and Payable | Distributions Paid and Payable A. Common Stock We pay monthly distributions to our common stockholders. The following is a summary of monthly distributions paid per common share for 2019, 2018 and 2017:
Month |  | 2019 |  |  | 2018 |  |  | 2017 |
January |  | $ | 0.2210 |  |  | $ | 0.2125 |  |  | $ | 0.2025 |
February |  | 0.2255 |  |  | 0.2190 |  |  | 0.2105 |
March |  | 0.2255 |  |  | 0.2190 |  |  | 0.2105 |
April |  | 0.2260 |  |  | 0.2195 |  |  | 0.2110 |
May |  | 0.2260 |  |  | 0.2195 |  |  | 0.2110 |
June |  | 0.2260 |  |  | 0.2195 |  |  | 0.2110 |
July |  | 0.2265 |  |  | 0.2200 |  |  | 0.2115 |
August |  | 0.2265 |  |  | 0.2200 |  |  | 0.2115 |
September |  | 0.2265 |  |  | 0.2200 |  |  | 0.2115 |
October |  | 0.2270 |  |  | 0.2205 |  |  | 0.2120 |
November |  | 0.2270 |  |  | 0.2205 |  |  | 0.2120 |
December |  | 0.2270 |  |  | 0.2205 |  |  | 0.2120 |
Total |  | $ | 2.7105 |  |  | $ | 2.6305 |  |  | $ | 2.5270 |
The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Ordinary income |  | $ | 2.1206964 |  |  | $ | 2.0269173 |  |  | $ | 1.9402085 |
Nontaxable distributions |  | 0.5898036 |  |  | 0.6035827 |  |  | 0.5478464 |
Total capital gain distribution |  | — |  |  | — |  |  | 0.0389451 |
Totals |  | $ | 2.7105000 |  |  | $ | 2.6305000 |  |  | $ | 2.5270000 |
At December 31, 2019, a distribution of $0.2275 per common share was payable and was paid in January 2020. At December 31, 2018, a distribution of $0.2210 per common share was payable and was paid in January 2019. B. Class F Preferred Stock In April 2017, we redeemed all 16,350,000 shares of our Class F preferred stock. During the first three months of 2017, we paid three monthly dividends to holders of our Class F preferred stock totaling $0.414063 per share, or $3.9 million. In April 2017, we paid a final monthly dividend of $0.101215 per share, or $1.7 million, which was recorded as interest expense. For 2017, dividends per share of $0.5073368 were characterized as ordinary income and dividends per share of $0.0079412 were characterized as total capital gain distribution for federal income tax purposes.

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- Definition This element may be used to capture the complete disclosure pertaining to an entity's capital units or capital shares, including the value of capital units or capital shares, units authorized, units outstanding and other information necessary to a fair presentation. Additionally, this text block may be used to disclose all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References No definition available. + Details
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