| Schedule of dividends payable |
The Company’s charter authorizes the issuance of 10,000 shares of preferred stock, par value $0.001 per share. As of December 31, 2021 and 2020, there were 3,105 shares of Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”), issued and outstanding. The Series A Preferred Stock has a liquidation preference of $25 per share and is redeemable by the Company beginning in September 2022.
Preferred stock dividend activity for the years ended December 31, 2021 and 2020 is summarized in the following table:
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Applicable |
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Quarterly |
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Dividends |
Date Announced |
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Record Date |
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Quarter |
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Payment Date |
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Dividend |
|
per Share |
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December 13, 2019 |
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January 15, 2020 |
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Q4 2019 |
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January 31, 2020 |
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$ |
1,455 |
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$ |
0.46875 |
March 4, 2020 |
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April 15, 2020 |
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Q1 2020 |
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April 30, 2020 |
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$ |
1,455 |
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$ |
0.46875 |
June 12, 2020 |
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July 15, 2020 |
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Q2 2020 |
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July 31, 2020 |
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$ |
1,455 |
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$ |
0.46875 |
September 3, 2020 |
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October 15, 2020 |
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Q3 2020 |
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October 31, 2020 |
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$ |
1,455 |
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$ |
0.46875 |
December 16, 2020 |
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January 15, 2021 |
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Q4 2020 |
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February 1, 2021 |
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$ |
1,455 |
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$ |
0.46875 |
March 3, 2021 |
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April 15, 2021 |
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Q1 2021 |
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April 30, 2021 |
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$ |
1,455 |
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$ |
0.46875 |
June 10, 2021 |
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July 15, 2021 |
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Q2 2021 |
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August 2, 2021 |
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$ |
1,455 |
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$ |
0.46875 |
September 10, 2021 |
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October 15, 2021 |
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Q3 2021 |
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November 1, 2021 |
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$ |
1,455 |
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$ |
0.46875 |
December 10, 2021 |
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January 15, 2022 |
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Q4 2021 |
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January 31, 2022 |
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$ |
1,455 |
(1) |
$ |
0.46875 |
| (1) |
Two months of this amount, equal to $970, was accrued at December 31, 2021.
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| Schedule of dividends payable |
Common stock dividend activity for the years ended December 31, 2021 and 2020 is summarized in the following table:
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Applicable |
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Dividend |
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Dividends |
Date Announced |
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Record Date |
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Quarter |
|
Payment Date |
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Amount(1) |
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per Share |
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December 13, 2019 |
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December 26, 2019 |
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Q4 2019 |
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January 9, 2020 |
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$ |
9,541 |
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$ |
0.20 |
March 4, 2020 |
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March 25, 2020 |
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Q1 2020 |
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April 9, 2020 |
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$ |
9,610 |
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$ |
0.20 |
June 12, 2020 |
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June 25, 2020 |
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Q2 2020 |
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July 9, 2020 |
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$ |
9,861 |
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$ |
0.20 |
September 3, 2020 |
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September 24, 2020 |
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Q3 2020 |
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October 8, 2020 |
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$ |
10,357 |
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$ |
0.20 |
December 16, 2020 |
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December 28, 2020 |
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Q4 2020 |
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January 11, 2021 |
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$ |
10,573 |
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$ |
0.20 |
March 3, 2021 |
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March 24, 2021 |
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Q1 2021 |
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April 8, 2021 |
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$ |
13,260 |
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$ |
0.205 |
June 10, 2021 |
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June 24, 2021 |
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Q2 2021 |
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July 8, 2021 |
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$ |
13,964 |
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$ |
0.205 |
September 10, 2021 |
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September 24, 2021 |
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Q3 2021 |
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October 8, 2021 |
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$ |
13,961 |
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$ |
0.205 |
December 10, 2021 |
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December 27, 2021 |
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Q4 2021 |
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January 10, 2022 |
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$ |
14,055 |
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$ |
0.205 |
| (1) |
Includes dividends on granted LTIP Units and OP Units issued to third parties. |
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