Dividends

12 Months Ended

Dec. 31, 2023

Dividends [Abstract]

DIVIDENDS

DIVIDENDS

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

	Year Ended December 31,
	2023				2022				2021
	Declared		Paid		Declared		Paid		Declared		Paid
Common shares	$	4.340	$	4.330	$	4.300	$	4.290	$	4.260	$	4.250
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,
	2023		2022		2021
Common shares
Ordinary dividend	$	3.551	$	3.518	$	3.358
Capital gain	0.130		0.772		0.680
Return of capital	0.649		—		0.212
	$	4.330	$	4.290	$	4.250
5.417% Series 1 Cumulative Convertible Preferred shares
Ordinary dividend	$	1.313	$	1.110	$	1.124
Capital gain	0.041		0.244		0.230
	$	1.354	$	1.354	$	1.354
5.0% Series C Cumulative Redeemable Preferred shares
Ordinary dividend	$	1.213	$	1.025	1.038
Capital gain	0.037		0.225		0.212
	$	1.250	$	1.250	$	1.250

On November 2, 2023, the Trustees declared a quarterly cash dividend of $1.09 per common share, payable January 16, 2024 to common shareholders of record on January 2, 2024.