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Dividends and Distributions Payable | 12 Months Ended
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Dec. 31, 2022
Dividends and Distributions Payable |
Dividends and Distributions Payable | Note 7 – Dividends and Distributions Payable The Company declared dividends per common share of $2.805, $2.604 and $2.405 per share during the years ended December 31, 2022, 2021, and 2020; the dividends have been reflected for federal income tax purposes as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
For the Year Ended December 31, |  | 2022 |  | 2021 |  | 2020
Ordinary Income | ​ | $ | 2.518 | ​ | $ | 2.398 | ​ | $ | 1.928
Return of Capital | ​ |  | 0.287 | ​ |  | 0.206 | ​ |  | 0.477
Total | ​ | $ | 2.805 | ​ | $ | 2.604 | ​ | $ | 2.405
​ On December 13, 2022, the Company declared a dividend per common share of $0.24 per share for the month ended December 31, 2022. The holders of Operating Partnership Common Units are entitled to an equal distribution per Operating Partnership Unit held. The monthly common dividend for December 2022 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. This dividend was paid on January 13, 2023. The Company declared dividends of $1.0625 per Depositary Share during the year ended December 31, 2022 and $0.30695 per Depositary Share during the year ended December 31, 2021, covering the periods subsequent to the September 2021 preferred stock issuance date (see Note 6- Common and Preferred Stock). These dividends were reflected entirely as ordinary income for federal income tax purposes. On December 13, 2022, the Company declared a dividend of $0.08854 per Depositary Share for the month ended December 31, 2022. This monthly preferred dividend has been reflected as a reduction of stockholders’ equity and was paid on January 3, 2023.

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