XML 38 R15.htm IDEA: XBRL DOCUMENT

Dividends and Distribution Payable

12 Months Ended

Dec. 31, 2019

Stockholders' Equity Note [Abstract]

Note 7 – Dividends and Distribution Payable

The Company declared dividends of $2.280, $2.155 and $2.025 per share during the years ended December 31, 2019, 2018 and 2017; the dividends have been reflected for federal income tax purposes as follows:


For the Year Ended December 31,	2019		2018		2017
Ordinary Income	$	1.933	$	1.638	$	1.695
Return of Capital		0.347		0.517		0.330
Total	$	2.280	$	2.155	$	2.025

On December 3, 2019, the Company declared a dividend of $0.585 per share for the quarter ended December 31, 2019. The holders of Operating Partnership Units were entitled to an equal distribution per Operating Partnership Unit held as of December 20, 2019. The dividend has been reflected as a reduction of shareholders’ equity and the distribution has been reflected as a reduction of the limited partners’ non-controlling interest. These amounts were paid on January 3, 2020.