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Dividends and Distribution Payable | 9 Months Ended
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Sep. 30, 2021
Dividends and Distribution Payable |
Dividends and Distribution Payable | Note 7 – Dividends and Distribution Payable During the three months ended September 30, 2021, the Company declared monthly dividends of $0.217 per common share for July, August and September 2021. Holders of Operating Partnership Common Units are entitled to an equal distribution per Operating Partnership Unit held. The dividends and distributions payable for July and August were paid during the quarter, while the September amounts were recorded as liabilities on the Condensed Consolidated Balance Sheets at September 30, 2021. The September dividends and distributions were paid on October 15, 2021. In September 2021, the Company declared the monthly dividends on the Series A Preferred Shares for the period from the September issuance of these preferred shares (see Note 6 – Common and Preferred Stock) in the pro-rated amount of $.041 per Depositary Share. This dividend was recorded as a liability on the Condensed Consolidated Balance Sheet at September 30, 2021 and was paid on October 1, 2021.

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