Tax Treatment of 2023 Dividends
| Record Date |
Payment Date |
Cash Distribution |
Adjustment |
Total Distribution |
Ordinary Dividends(1) |
Qualified Dividends |
Capital Gain Dividends |
Return of Capital |
| Dec 30, 2022 |
Jan 13, 2023 |
$0.43 |
($0.25)(2) |
$0.18 |
$0.16463 |
$0.00000 |
$0.00000 |
$0.01537 |
| Mar 31, 2023 |
Apr 14, 2023 |
$0.43 |
$0.00 |
$0.43 |
$0.39329 |
$0.00000 |
$0.00000 |
$0.03671 |
| Jun 30, 2023 |
Jul 14, 2023 |
$0.43 |
$0.00 |
$0.43 |
$0.39329 |
$0.00000 |
$0.00000 |
$0.03671 |
| Sep 29, 2023 |
Oct 13, 2023 |
$0.43 |
$0.00 |
$0.43 |
$0.39329 |
$0.00000 |
$0.00000 |
$0.03671 |
|
|
$1.72 |
($0.25) |
$1.47 |
$1.34450 |
$0.00000 |
$0.00000 |
$0.12550 |
(1) Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.
(2) The cash distribution of $0.43 per share of common stock (with a record date of December 30, 2022, that was paid on January 13, 2023) is a split-year distribution, of which $0.25 was allocable to 2022 for federal income tax purposes and the remaining $0.18 is allocable to 2023 for federal income tax purposes.
Tax Treatment of 2022 Dividends
| Record Date |
Payment Date |
Cash Distribution |
Adjustment |
Dividend(1) |
Ordinary Dividends(2) |
Qualified Dividends |
Capital Gain Dividends |
| Dec 31, 2021 |
Jan 14, 2022 |
$0.43 |
($0.23) |
$0.20 |
$0.20000 |
$0.00000 |
$0.00000 |
| Mar 31, 2022 |
Apr 15, 2022 |
$0.43 |
$0.00 |
$0.43 |
$0.43000 |
$0.00000 |
$0.00000 |
| Jun 30, 2022 |
Jul 15, 2022 |
$0.43 |
$0.00 |
$0.43 |
$0.43000 |
$0.00000 |
$0.00000 |
| Sep 30, 2022 |
Oct 14, 2022 |
$0.43 |
$0.00 |
$0.43 |
$0.43000 |
$0.00000 |
$0.00000 |
| Dec 30, 2022 |
Jan 13, 2023 |
$0.43 |
($0.18) |
$0.25 |
$0.25000 |
$0.00000 |
$0.00000 |
|
|
$2.15 |
($0.41) |
$1.74 |
$1.74000 |
$0.00000 |
$0.00000 |
(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 13, 2023 with a record date of December 30, 2022 are treated as received by shareholders on December 31, 2022 to the extent of 2022 earnings and profits.
(2) Ordinary dividends may be eligible for the 20% deduction applicable to “qualified REIT dividends” under IRC Section 199A(b)(1)(B). Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.
Tax Treatment of 2021 Dividends
| Record Date |
Payment Date |
Disbursement |
Adjustment |
Dividend(1) |
Ordinary Dividends(2) |
Qualified Dividends |
Capital Gain Dividends |
| Dec 31, 2020 |
Jan 15, 2021 |
$0.43 |
($0.43) |
$0.00 |
$0.0000 |
$0.0000 |
$0.0000 |
| Mar 31, 2021 |
Apr 15, 2021 |
$0.43 |
$0.00 |
$0.43 |
$0.4262 |
$0.0050 |
$0.0038 |
| Jun 30, 2021 |
Jul 15, 2021 |
$0.43 |
$0.00 |
$0.43 |
$0.4262 |
$0.0050 |
$0.0038 |
| Sep 30, 2021 |
Oct 15, 2021 |
$0.43 |
$0.00 |
$0.43 |
$0.4262 |
$0.0050 |
$0.0038 |
| Dec 31, 2021 |
Jan 14, 2022 |
$0.43 |
$0.(20) |
$0.23 |
$0.2280 |
$0.0027 |
$0.0020 |
|
|
$2.15 |
($0.63) |
$1.52 |
$1.5066 |
$0.0177 |
$0.0134 |
(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 14, 2022 with a record date of December 31, 2021 are treated as received by shareholders on December 31, 2021 to the extent of 2021 earnings and profits.
(2) Ordinary dividends that are "qualified REIT dividends" are eligible for the 20% deduction under IRC Section 199A(b)(1)(B).
Tax Treatment of 2020 Dividends
| Record Date |
Payment Date |
Disbursement |
Adjustment |
Dividend(1) |
Ordinary Dividends(2) |
Qualified Dividends |
Capital Gain Dividends |
| Dec 31, 2019 |
Jan 15, 2020 |
$0.43 |
($0.32) |
$0.11 |
$0.1125 |
$0.0009 |
$0.0000 |
| Mar 31, 2020 |
Apr 15, 2020 |
$0.43 |
$0.00 |
$0.43 |
$0.4300 |
$0.0033 |
$0.0000 |
| Jun 30, 2020 |
Jul 15, 2020 |
$0.43 |
$0.00 |
$0.43 |
$0.4300 |
$0.0033 |
$0.0000 |
| Sep 30, 2020 |
Oct 15, 2020 |
$0.43 |
$0.00 |
$0.43 |
$0.4300 |
$0.0033 |
$0.0000 |
| Dec 31, 2020 |
Jan 15, 2021 |
$0.43 |
$0.00 |
$0.43 |
$0.4300 |
$0.0033 |
$0.0000 |
|
|
$2.15 |
($0.32) |
$1.83 |
$1.8325 |
$0.0141 |
$0.0000 |
(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2021 with a record date of December 31, 2020 are treated as received by shareholders on December 31, 2020 to the extent of 2020 earnings and profits.
(2) Ordinary dividends that are "qualified REIT dividends" are eligible for the 20% deduction under IRC Section 199A(b)(1)(B).
Tax Treatment of 2019 Dividends
| Record Date |
Payment Date |
Cash Distribution |
Adjustment |
Dividend(1) |
Ordinary Dividends(2) |
Qualified Dividends |
Capital Gain Dividends |
| Dec 28, 2018 |
Jan 11, 2019 |
$0.43 |
($0.38) |
$0.05 |
$0.0495 |
$0.0008 |
$0.0005 |
| Mar 29, 2019 |
Apr 12, 2019 |
$0.43 |
$0.00 |
$0.43 |
$0.4260 |
$0.0067 |
$0.0040 |
| Jun 28, 2019 |
Jul 15, 2019 |
$0.43 |
$0.00 |
$0.43 |
$0.4260 |
$0.0067 |
$0.0040 |
| Sep 30, 2019 |
Oct 16, 2019 |
$0.43 |
$0.00 |
$0.43 |
$0.4260 |
$0.0067 |
$0.0040 |
| Dec 31, 2019 |
Jan 15, 2020 |
$0.43 |
($0.12) |
$0.31 |
$0.3071 |
$0.0048 |
$0.0029 |
|
|
$2.15 |
($0.50) |
$1.65 |
$1.6346 |
$0.0257 |
$0.0154 |
(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 15, 2020 with a record date of December 31, 2019 are treated as received by shareholders on December 31, 2019 to the extent of 2019 earnings and profits.
(2) Ordinary dividends that are "qualified REIT dividends" are eligible for the 20% deduction under IRC Section 199A(b)(1)(B).
Tax Treatment of 2018 Dividends
| Record Date |
Payment Date |
Cash Distribution |
Adjustment |
Dividend(1) |
Ordinary Dividends(2) |
Qualified Dividends |
Capital Gain Dividends |
| Mar 29, 2018 |
Apr 13, 2018 |
$0.40 |
$0.00 |
$0.40 |
$0.3533 |
$0.0023 |
$0.0467 |
| Jun 29, 2018 |
Jul 13, 2018 |
$0.43 |
$0.00 |
$0.43 |
$0.3798 |
$0.0025 |
$0.0502 |
| Sep 28, 2018 |
Oct 2018 |
$0.43 |
$0.00 |
$0.43 |
$0.3798 |
$0.0025 |
$0.0502 |
| Dec 28, 2018 |
Jan 11, 2019 |
$0.43 |
($0.05) |
$0.38 |
$0.3356 |
$0.0022 |
$0.0444 |
|
|
$1.69 |
($0.05) |
$1.64 |
$1.4486 |
$0.0096 |
$0.1914 |
(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 11, 2019 with a record date of December 28, 2018 are treated as received by shareholders on December 28, 2018 to the extent of 2018 earnings and profits.
(2) Ordinary dividends that are "qualified REIT dividends" may be eligible for the 20% deduction under IRC Section 199A(b)(1)(B).
Tax Treatment of 2017 Dividends
| Record Date |
Payment Date |
Cash Distribution |
Adjustment |
Dividend(1) |
Ordinary Dividends |
Qualified Dividends |
Capital Gain Dividends |
| Feb 3, 2017 |
Feb 3, 2017 |
$0.35 |
$0.00 |
$0.35 |
$0.3500 |
$0.0000 |
$0.0000 |
| Apr 18, 2017 |
Apr 18, 2017 |
$0.28 |
$0.00 |
$0.28 |
$0.2800 |
$0.0000 |
$0.0000 |
| Jun 30, 2017 |
Jul 14, 2017 |
$0.25 |
$0.00 |
$0.25 |
$0.2500 |
$0.0000 |
$0.0000 |
| Sep 30, 2017 |
Oct 12, 2017 |
$0.37 |
$0.00 |
$0.37 |
$0.3700 |
$0.0000 |
$0.0000 |
| Dec 29, 2017 |
Jan 12, 2018 |
$0.37 |
$0.00 |
$0.37 |
$0.3700 |
$0.0000 |
$0.0000 |
|
|
$1.62 |
$0.00 |
$1.62 |
$1.6200 |
$0.0000 |
$0.0000 |
(1) Pursuant to IRC Section 857(b)(9), cash distributions made on January 12, 2018 with a record date of December 29, 2017 are treated as received by shareholders on December 29, 2017 to the extent of 2017 earnings and profits.
