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Note 10 - Distributions
 9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

Note 10. Distributions

 

The Company’s distributions are recorded on the declaration date. The following table summarizes the Company’s distribution activity for the nine months ended September 30, 2022 and for the year ended December 31, 2021:

 

              

DRIP

  

DRIP

 

Date

     

Amount

  

Cash

  

Shares

  

Share

 

Declared

 

Record Date

 

Payment Date

 

Per Share

  

Distribution

  

Issued

  

Value

 
      

(In thousands, except share and per share data)

 

Nine Months Ended September 30, 2022

                    

7/29/2022

 

11/17/22

 

12/15/22

 $0.10  $—   —  $— 

7/29/2022

 

10/18/22

 

11/15/22

  0.10   —   —   — 

7/29/2022

 

9/19/22

 

10/14/22

  0.10   2,558   7,703   81 

4/29/2022

 

8/18/22

 

9/15/22

  0.10   2,528   4,925   60 

4/29/2022

 

7/19/22

 

8/16/22

  0.10   2,484   3,939   55 

4/29/2022

 

6/17/22

 

7/15/22

  0.10   2,434   4,286   51 

2/25/2022

 

5/18/22

 

6/15/22

  0.10   2,378   4,428   50 

2/25/2022

 

4/19/22

 

5/16/22

  0.10   2,349   4,088   49 

2/25/2022

 

3/18/22

 

4/14/22

  0.10   2,352   3,221   46 
      $0.90  $17,083   32,590  $392 

Year Ended December 31, 2021

                    

10/22/21

 

2/18/22

 

3/16/22

 $0.10  $2,100   3,409  $46 

10/22/21

 

1/19/22

 

2/16/22

  0.10   2,096   2,680   43 

10/22/21

 

12/17/21

 

1/14/22

  0.10   2,031   3,417   56 

10/22/21

 

11/18/21

 

12/15/21

  0.05   1,013   1,197   20 

7/23/21

 

11/18/21

 

12/15/21

  0.10   2,027   2,395   38 

7/23/21

 

10/19/21

 

11/16/21

  0.10   2,010   1,907   34 

7/23/21

 

9/17/21

 

10/15/21

  0.10   2,008   2,068   36 

4/23/21

 

8/18/21

 

9/15/21

  0.10   1,996   2,041   34 

4/23/21

 

7/20/21

 

8/16/21

  0.10   1,983   1,937   34 

4/23/21

 

6/17/21

 

7/16/21

  0.10   1,964   1,888   33 

2/26/21

 

5/18/21

 

6/15/21

  0.10   1,964   1,671   29 

2/26/21

 

4/20/21

 

5/14/21

  0.10   1,937   1,794   29 

2/26/21

 

3/18/21

 

4/16/21

  0.10   1,938   1,653   28 
      $1.25  $25,067   28,057  $460 

 

On October 28, 2022, the Board declared monthly distributions per share and a special dividend per share, payable as set forth in the following table:

 

Monthly distributions

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Distributions Declared

 

December 16, 2022

 

December 19, 2022

 

January 13, 2023

 $0.11 

January 17, 2023

 

January 18, 2023

 

February 15, 2023

 $0.11 

February 16, 2023

 

February 17, 2023

 

March 15, 2023

 $0.11 

 

Special distribution

 

Ex-Dividend Date

Record Date

Payment Date

 

Distributions Declared

 

November 16, 2022

November 17, 2022

December 15, 2022

 $0.05 

 

After paying distributions of $0.30 per share and earning net investment income of $0.43 per share for the quarter, the Company’s undistributed spillover income as of September 30, 2022 was $0.67 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.