Dividends

Annual Dividend History(ex-date basis)

Dividend Yield Metrics

Current Yield

7.52%

Average Yield (TTM)

7.43%

Average Yield (3Y)

7.29%

Forward Yield on Cost (3Y)

7.52%

Forward Yield on Cost (5Y)

7.52%

Forward Yield on Cost (10Y)

7.52%

Payout Ratio Analysis

Payout Ratio (Current)

N/A

FCF Payout Ratio

220.74%

Payout Ratio (3Y Avg)

N/A

Payout Ratio (5Y Avg)

N/A

FCF Payout (3Y Avg)

212.27%

FCF Payout (5Y Avg)

181.71%

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.