Distributions Paid and Payable

12 Months Ended

Dec. 31, 2020

Dividends [Abstract]

Distributions Paid and Payable

Distributions Paid and Payable

We pay monthly distributions to our common stockholders. The following is a summary of monthly distributions paid per common share for 2020, 2019 and 2018:

Month	2020		2019		2018
January	$	0.2275	$	0.2210	$	0.2125
February	0.2325		0.2255		0.2190
March	0.2325		0.2255		0.2190
April	0.2330		0.2260		0.2195
May	0.2330		0.2260		0.2195
June	0.2330		0.2260		0.2195
July	0.2335		0.2265		0.2200
August	0.2335		0.2265		0.2200
September	0.2335		0.2265		0.2200
October	0.2340		0.2270		0.2205
November	0.2340		0.2270		0.2205
December	0.2340		0.2270		0.2205
Total	$	2.7940	$	2.7105	$	2.6305

The following presents the federal income tax characterization of distributions paid or deemed to be paid per common share for the years:

	2020		2019		2018
Ordinary income	$	2.2798764	$	2.1206964	$	2.0269173
Nontaxable distributions	0.4902835		0.5898036		0.6035827
Total capital gain distribution	0.0238401		—		—
Totals	$	2.7940000	$	2.7105000	$	2.6305000

At December 31, 2020, a distribution of $0.2345 per common share was payable and was paid in January 2021. At December 31, 2019, a distribution of $0.2275 per common share was payable and was paid in January 2020.