Cmon guys and gals__if you are going to own something you should learn the basics about a security type. What follows is my typing the parphrase from one of my finance textbooks.
By law, U.S. REITs are required to pay out at least 90 percent of taxable income to their shareholders in the form of dividends. Most REITs, however, opt to pay out 100 percent or more. Consequently, REITs tend to generate a stable and consistent income stream for investors.
Notice it said "at least 90" and said "taxable income"___not earnings or net income
Appears next dividend may be reduced 0.01 to .12, but I've been expecting this. Going forward, maybe they can keep the dividend at this level. Even at .12 per quarter, or .48 per year, and at approx 2.65 pps, return is 18.1%. Still a good return.