Dividends

12 Months Ended

Dec. 31, 2021

Dividends [Abstract]

DIVIDENDS

DIVIDENDS

The following table provides a summary of dividends declared and paid per share:

	Year Ended December 31,
	2021				2020				2019
	Declared		Paid		Declared		Paid		Declared		Paid
Common shares	$	4.260	$	4.250	$	4.220	$	4.210	$	4.140	$	4.110
5.417% Series 1 Cumulative Convertible Preferred shares	$	1.354	$	1.354	$	1.354	$	1.354	$	1.354	$	1.354
5.0% Series C Cumulative Redeemable Preferred shares (1)	$	1.250	$	1.250	$	1.250	$	1.250	$	1.250	$	1.250
(1) Amount represents dividends per depositary share, each representing 1/1000th of a share.

A summary of the income tax status of dividends per share paid is as follows:

	Year Ended December 31,
	2021		2020		2019
Common shares
Ordinary dividend	$	3.358	$	3.452	$	4.110
Capital gain	0.680		—		—
Return of capital	0.212		0.758		—
	$	4.250	$	4.210	$	4.110
5.417% Series 1 Cumulative Convertible Preferred shares
Ordinary dividend	$	1.124	$	1.354	$	1.354
Capital gain	0.230		—		—
	$	1.354	$	1.354	$	1.354
5.0% Series C Cumulative Redeemable Preferred shares
Ordinary dividend	$	1.038	$	1.250	1.250
Capital gain	0.212		—		—
	$	1.250	$	1.250	$	1.250

On November 4, 2021, the Trustees declared a quarterly cash dividend of $1.07 per common share, payable January 18, 2022 to common shareholders of record on January 3, 2022.