Dividends and Distributions (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of dividends declared and distributions paid



Nine Months Ended September 30, 2018
Month Declared/Paid	Dividend Per Share		Distributions Declared				Distributions Paid
			Common Shares		Series B Preferred Shares		Common Shares			Series B Preferred Shares
(In thousands, except per share amounts)
January ^(a)	$	0.0186	$	1,291	$	619	$	1,291		$	619
March/April	0.1396		20,145		—		20,145			—
March ^(c)							(79		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April							20			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	0.1875		27,250		—		27,250			—
June ^(d)							(118		)	—		Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July							28			—		Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.1875	28,072		—		—			—
			$	76,758			$	48,537

Series B Preferred Shares - Fixed Dividend
January ^(b)					1,198					1,198
Total distributions paid to holders of Series B Preferred Shares					$	1,817				$	1,817


(a)	Stub period dividend paid to shareholders of record prior to the IPO.


(b)	Last participating and fixed dividend paid to holders of Series B Preferred Shares in connection with the conversion to common shares on the IPO date.


(c)	Declared in March and included in the $20.1 million declared, see description to the right regarding timing of payment.

(d)

Declared in June and included in the $27.3 million declared, see description to the right regarding timing of payment.

The following tables summarize dividends declared and distributions paid to the holders of common shares and Series B Preferred Shares for the nine months ended September 30, 2019 and 2018.



Nine Months Ended September 30, 2019
Month Declared/Paid	Dividend Per Share		Distributions Declared		Distributions Paid
(In thousands, except per share amounts)
December (2018)/January	$	0.1875	$	—	$	28,218
December^(a)					(127		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
December (2018)/January					7			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
March/April	0.2000		30,235		30,235
March^(b)					(142		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
March/April					15			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
June/July	0.2000		38,764		38,764
June ^(c)					(172		)	Dividend equivalents accrued on unvested restricted stock units to be paid when the awards vest.
June/July					13			Dividend equivalents paid on unvested restricted stock units that are not expected to vest (recognized as additional compensation).
September/October	$	0.2000	38,795		—
			$	107,794	$	96,811


(a)	Declared in December 2018 and included in the $28.2 million declared, see description to the right regarding timing of payment.


(b)	Declared in March and included in the $30.2 million declared, see description to the right regarding timing of payment.

(c)

Declared in June and included in the $38.8 million declared, see description to the right regarding timing of payment.