Dividends

Annual Dividend History(payment-date basis)

Dividend Yield Metrics

Current Yield

2.58%

Average Yield (TTM)

2.74%

Average Yield (3Y)

3.46%

Forward Yield on Cost (3Y)

2.69%

Forward Yield on Cost (5Y)

2.77%

Forward Yield on Cost (10Y)

2.99%

Payout Ratio Analysis

Payout Ratio (Current)

235.76%

FCF Payout Ratio

122.76%

Payout Ratio (3Y Avg)

190.61%

Payout Ratio (5Y Avg)

211.52%

FCF Payout (3Y Avg)

N/A

FCF Payout (5Y Avg)

N/A

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.