Dividends

Annual Dividend History(payment-date basis)

Quarterly Dividend History

Dividend Yield Metrics

Current Yield

7.10%

Average Yield (TTM)

6.58%

Average Yield (3Y)

6.47%

Forward Yield on Cost (3Y)

7.24%

Forward Yield on Cost (5Y)

7.24%

Forward Yield on Cost (10Y)

7.24%

Payout Ratio Analysis

Payout Ratio (Current)

41.60%

FCF Payout Ratio

51.78%

Payout Ratio (3Y Avg)

64.57%

Payout Ratio (5Y Avg)

63.05%

FCF Payout (3Y Avg)

59.11%

FCF Payout (5Y Avg)

58.15%

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.