Dividends and Distribution Payable

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Dividends And Distributions Payable [Text Block]

Note 6 – Dividends and Distribution Payable

The Company declared dividends of $1.92, $1.845 and $1.74 per share during the years ended December 31, 2016, 2015 and 2014; the dividends have been reflected for federal income tax purposes as follows:

	2016		2015		2014
For the Year Ended December 31,
Ordinary Income	$	1.557	$	1.519	$	1.398
Return of Capital		0.363		0.326		0.342

Total	$	1.920	$	1.845	$	1.740

On December 6, 2016, the Company declared a dividend of $0.495 per share for the quarter ended December 31, 2016. The holders Operating Partnership Units were entitled to an equal distribution per Operating Partnership Unit held as of December 23, 2016. The dividends and distributions payable are recorded as liabilities in the Company's consolidated balance sheet at December 31, 2016. The dividend has been reflected as a reduction of stockholders' equity and the distribution has been reflected as a reduction of the limited partners' non-controlling interest. These amounts were paid on January 3, 2017.