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BENEFICIAL INTEREST
6 Months Ended
Jun. 30, 2020
BENEFICIAL INTEREST  
BENEFICIAL INTEREST

NOTE 11 – BENEFICIAL INTEREST

We are authorized to issue 100,000,000 common shares of beneficial interest with $0.01 par value and 50,000,000 preferred shares with $0.01 par value, which collectively represent the entire beneficial interest of Sterling. As of June 30, 2020 and December 31, 2019, there were 9,610,000 and 9,436,000 common shares outstanding, respectively. We had no preferred shares outstanding as of either date.

Dividends paid to holders of common shares were $0.5294 per share and $0.5225 per share for the six months ended June 30, 2020 and 2019, respectively. As of June 30, 2020 and 2019, the operating partnership declared dividends of $2,544 and $2,405 respectively, to holders of commons shares which were paid on July 15, 2020 and 2019, respectively.