v3.25.1
Dividends and Distributions (Tables)
3 Months Ended
Mar. 31, 2025
Dividends and Distributions [Abstract]  
Schedule of Dividend Declarations and Distributions The following table summarizes the Company’s dividend declarations and distributions during the three months ended March 31, 2025:

 

Date Declared

 

Record Date

 

Payment Date

 

Amount Per Share

 

 

Cash Distribution

 

DRIP Shares Issued

 

DRIP Shares Value

 

2/27/2025

 

3/28/2025

 

4/10/2025

 

$

0.360

 

 

$

11,714,851

 

 

$

 

3/24/2025

 

3/28/2025

 

4/10/2025

 

 

0.030

 

 

 

976,238

 

 

 

 

 

 

The following table summarizes the Company’s dividend declarations for the year ended December 31, 2024:

 

Date Declared

 

Record Date

 

Payment Date

 

Amount Per Share

 

 

Cash Distribution

 

DRIP Shares Issued

 

DRIP Shares Value

 

3/20/2024

 

3/28/2024

 

4/10/2024

 

$

0.490

 

 

$

12,893,635

 

185,345

 

$

3,057,234

(1)

5/7/2024

 

6/28/2024

 

7/16/2024

 

 

0.420

 

 

 

11,093,012

 

157,231

 

 

2,585,298

(2)

6/20/2024

 

6/28/2024

 

7/16/2024

 

 

0.050

 

 

 

1,320,596

 

18,718

 

 

307,774

(2)

8/7/2024

 

9/27/2024

 

10/14/2024

 

 

0.420

 

 

 

11,552,807

 

132,571

 

 

2,149,264

(3)

9/23/2024

 

9/27/2024

 

10/14/2024

 

 

0.050

 

 

 

1,375,334

 

15,782

 

 

255,865

(3)

11/5/2024

 

12/27/2024

 

1/13/2025

 

 

0.420

 

 

 

13,693,684

 

110,129

 

 

1,735,280

(4)

12/23/2024

 

12/27/2024

 

1/13/2025

 

 

0.060

 

 

 

1,956,241

 

15,733

 

 

247,897

(4)

(1)
In accordance with the Company’s dividend reinvestment plan, 149,382 shares of the Company’s stock were purchased in the open market for an average price of $16.49. The Company issued the remaining 35,963 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.
(2)
In accordance with the Company’s dividend reinvestment plan, 110,540 shares of the Company’s stock were purchased in the open market for an average price of $16.44. The Company issued the remaining 65,409 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.
(3)
In accordance with the Company’s dividend reinvestment plan, 123,362 shares of the Company’s stock were purchased in the open market for an average price of $16.21. The Company issued the remaining 24,991 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.
(4)
In accordance with the Company’s dividend reinvestment plan, 93,200 shares of the Company’s stock were purchased in the open market for an average price of $15.76. The Company issued the remaining 32,662 shares of common stock at the average open market price and shares were allocated to stockholders of the Company participating in the dividend reinvestment plan.