Dividends

Annual Dividend History(payment-date basis)

Dividend Yield Metrics

Current Yield

3.52%

Average Yield (TTM)

2.31%

Average Yield (3Y)

1.60%

Forward Yield on Cost (3Y)

0.58%

Forward Yield on Cost (5Y)

0.18%

Forward Yield on Cost (10Y)

0.01%

Payout Ratio Analysis

Payout Ratio (Current)

69.45%

FCF Payout Ratio

30.31%

Payout Ratio (3Y Avg)

113.29%

Payout Ratio (5Y Avg)

N/A

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.