Dividends

Annual Dividend History(payment-date basis)

Dividend Yield Metrics

Current Yield

15.51%

Average Yield (TTM)

12.79%

Average Yield (3Y)

13.72%

Forward Yield on Cost (3Y)

12.69%

Forward Yield on Cost (5Y)

11.22%

Forward Yield on Cost (10Y)

8.24%

Payout Ratio Analysis

Payout Ratio (Current)

72.58%

FCF Payout Ratio

N/A

Payout Ratio (3Y Avg)

N/A

Payout Ratio (5Y Avg)

N/A

FCF Payout (3Y Avg)

53.23%

FCF Payout (5Y Avg)

92.20%

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.