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Dividends and Distributions Payable

12 Months Ended

Dec. 31, 2020

Note 7 – Dividends and Distributions Payable

The Company declared dividends of $2.405, $2.280 and $2.155 per share during the years ended December 31, 2020, 2019 and 2018; the dividends have been reflected for federal income tax purposes as follows:


For the Year Ended December 31,	2020		2019		2018
Ordinary Income	$	1.928	$	1.933	$	1.638
Return of Capital		0.477		0.347		0.517
Total	$	2.405	$	2.280	$	2.155

On December 1, 2020, the Company declared a dividend of $0.620 per share for the quarter ended December 31, 2020. The holders of Operating Partnership Units were entitled to an equal distribution per Operating Partnership Unit held as of December 22, 2019. 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 6, 2020.