Dividends

Annual Dividend History(payment-date basis)

Dividend Yield Metrics

Current Yield

6.29%

Average Yield (TTM)

6.13%

Average Yield (3Y)

7.90%

Forward Yield on Cost (3Y)

6.29%

Forward Yield on Cost (5Y)

6.29%

Forward Yield on Cost (10Y)

6.29%

Payout Ratio Analysis

Payout Ratio (Current)

457.35%

FCF Payout Ratio

83.59%

Payout Ratio (3Y Avg)

808.84%

Payout Ratio (5Y Avg)

N/A

FCF Payout (3Y Avg)

88.53%

FCF Payout (5Y Avg)

86.96%

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.