STOCKHOLDER DIVIDENDS |
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| STOCKHOLDER DIVIDENDS |
NOTE 13 – STOCKHOLDER DIVIDENDS
On March 31, 2020, after assessing the impacts of the COVID-19 pandemic, our Board of Directors unanimously approved the suspension of regular quarterly dividends to our stockholders. On May 10, 2021, the Board of Directors resumed the
quarterly dividends after reassessing our cash flow.
The following table reflects the dividends per share
that we have declared on our common stock and preferred stock during the year ended June 30, 2022:
* $0.06 per share dividend was declared for the quarter ended June 30, 2021.
During the year ended June 30, 2022, we paid total dividends of $4,012,882 of which $1,188,456 has been reinvested under our DRIP.
Dividends declared during the quarter ended June 30, 2022, were paid on July 29, 2022.
Total distributions declared by the Operating
Partnership for the Class A unit holders during the year ended June 30, 2022, was $9,985 (which was $0.40 per unit), of which $723 ($0.06
per unit) was related to distributions declared for the quarter ended June 30, 2021.
Total distributions declared by the Operating
Partnership for the preferred unit holders during the year ended June 30, 2022 was $51,667 (which was 0.25 per unit).
On
June 28, 2022, we declared the Series A Preferred stock quarterly dividend of $0.375 per share payable at the rate of $0.125
per month for holders of record as of July 31, 2022, August 31, 2022, and September 30, 2022. Subsequently, on September 6, 2022, we declared the Series A Preferred stock quarterly dividend of $0.375 per share payable at the rate of $0.125
per month for holders of record as of October 31, 2022, November 30, 2022, and December 31, 2022. The preferred stock
dividend declared on June 28, 2022, will be paid on or about October 15, 2022, and the preferred stock dividend declared
on September 6, 2022, will be paid on or about January 15, 2023.
On
September 6, 2022, we also declared the common stock quarterly dividend of $0.105 per share for the quarter ended September 30, 2022. The common stock dividend declared on September 6, 2022 will be paid on or about October 30, 2022, to record holders as of September 30, 2022.
The following table reflects the dividends per share
that we have declared on our common stock during the six months ended June 30, 2021:
Of the total dividends paid during the six months ended June 30, 2021, $204,277 has been reinvested under our DRIP.
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