Dividends

Annual Dividend History(payment-date basis)

Quarterly Dividend History

Dividend Yield Metrics

Current Yield

8.18%

Average Yield (TTM)

7.46%

Average Yield (3Y)

7.66%

Forward Yield on Cost (3Y)

13.76%

Forward Yield on Cost (5Y)

19.46%

Forward Yield on Cost (10Y)

46.28%

Payout Ratio Analysis

Payout Ratio (Current)

282.58%

FCF Payout Ratio

130.67%

Payout Ratio (3Y Avg)

N/A

Payout Ratio (5Y Avg)

N/A

FCF Payout (3Y Avg)

119.64%

FCF Payout (5Y Avg)

99.13%

For REITs, the net-income payout ratio overstates sustainability — large non-cash depreciation depresses net income, so it often reads >100%. The above (or FFO/AFFO, the REIT-standard basis) is the more meaningful gauge.