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Dividends Declared and Paid

3 Months Ended

Mar. 31, 2022

Equity [Abstract]

Dividends Declared and Paid

Dividends Declared and Paid

Common Dividends

The Company suspended common dividends beginning after the payment of the March 27, 2020 dividend due to a decline in operating performance caused by the COVID-19 pandemic. There were no common share dividends declared during the three months ended March 31, 2022 and 2021.

Preferred Dividends

During the three months ended March 31, 2022, the Company declared dividends of $0.41406 per share of 6.625% Series A Cumulative Redeemable Preferred Shares. There were no preferred share dividends declared during the three months ended March 31, 2021. The preferred share dividends paid during the three months ended March 31, 2022 were as follows:

Record Date

Payment Date

Dividend per Preferred Share

March

3/31/2022

4/18/2022

$

0.41406

1st Quarter 2022

$

0.41406

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Dividends declared and paid.

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