Dividends

Annual Dividend History(payment-date basis)

Dividend Yield Metrics

Current Yield

5.79%

Average Yield (TTM)

5.88%

Average Yield (3Y)

4.45%

Forward Yield on Cost (3Y)

5.95%

Forward Yield on Cost (5Y)

6.05%

Forward Yield on Cost (10Y)

6.33%

Payout Ratio Analysis

Payout Ratio (Current)

918.89%

FCF Payout Ratio

82.47%

Payout Ratio (3Y Avg)

N/A

Payout Ratio (5Y Avg)

N/A

FCF Payout (3Y Avg)

78.27%

FCF Payout (5Y Avg)

87.63%

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.