XML 30 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Distributions Paid and Payable
9 Months Ended
Sep. 30, 2016
Distributions Paid and Payable  
Distributions Paid and Payable

 

14.Distributions Paid and Payable

 

A.Common Stock

 

We pay monthly distributions to our common stockholders.  The following is a summary of monthly distributions paid per common share for the first nine months of 2016 and 2015:

 

Month

 

2016 

 

2015 

 

January

 

$

0.1910000 

 

$

0.1834167 

 

February

 

0.1985000 

 

0.1890000 

 

March

 

0.1985000 

 

0.1890000 

 

April

 

0.1990000 

 

0.1895000 

 

May

 

0.1990000 

 

0.1895000 

 

June

 

0.1990000 

 

0.1895000 

 

July

 

0.1995000 

 

0.1900000 

 

August

 

0.1995000 

 

0.1900000 

 

September

 

0.2015000 

 

0.1900000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

1.7855000 

 

$

1.6999167 

 

 

 

 

 

 

 

 

 

 

At September 30, 2016, a distribution of $0.202 per common share was payable and was paid in October 2016.

 

B.Class F Preferred Stock

Dividends of $0.138021 per share are paid monthly in arrears on the Class F preferred stock.  During each of the first nine months of 2016 and 2015, we paid nine monthly dividends to holders of our Class F preferred stock totaling $1.242189 per share, or $20.3 million, and at September 30, 2016, a monthly dividend of $0.138021 per share was payable and was paid in October 2016.  We are current in our obligations to pay dividends on our Class F preferred stock.