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Note 11 - Distributions
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]

Note 11.         Distributions

 

The Company’s distributions are recorded on the declaration date. The following table summarizes the Company’s distribution activity for the years ended December 31, 2022 and 2021:

 

                           

DRIP

   

DRIP

 

Date

         

Amount

   

Cash

   

Shares

   

Share

 

Declared

 

Record Date

 

Payment Date

 

Per Share

   

Distribution

   

Issued

   

Value

 
           

(In thousands, except share and per share data)

 

Year Ended December 31, 2022

                                       

10/28/2022

 

2/17/23

 

3/15/23

  $ 0.11     $           $  

10/28/2022

 

1/18/23

 

2/15/23

    0.11       3,021       5,754       74  

10/28/2022

 

12/19/22

 

1/13/23

    0.11       2,978       5,618       69  

10/28/2022

 

11/17/22

 

12/15/22

    0.05       1,319       2,171       27  

7/29/2022

 

11/17/22

 

12/15/22

    0.10       2,638       4,341       57  

7/29/2022

 

10/18/22

 

11/15/22

    0.10       2,580       4,621       60  

7/29/2022

 

9/19/22

 

10/14/22

    0.10       2,558       7,703       81  

4/29/2022

 

8/18/22

 

9/15/22

    0.10       2,528       4,925       60  

4/29/2022

 

7/19/22

 

8/16/22

    0.10       2,484       3,939       55  

4/29/2022

 

6/17/22

 

7/15/22

    0.10       2,434       4,286       51  

2/25/2022

 

5/18/22

 

6/15/22

    0.10       2,378       4,428       50  

2/25/2022

 

4/19/22

 

5/16/22

    0.10       2,349       4,088       49  

2/25/2022

 

3/18/22

 

4/14/22

    0.10       2,352       3,221       46  
            $ 1.28     $ 29,619       55,095     $ 679  

Year Ended December 31, 2021

                                       

10/22/21

 

2/18/22

 

3/16/22

  $ 0.10     $ 2,100       3,409     $ 46  

10/22/21

 

1/19/22

 

2/16/22

    0.10       2,096       2,680       43  

10/22/21

 

12/17/21

 

1/14/22

    0.10       2,031       3,417       56  

10/22/21

 

11/18/21

 

12/15/21

    0.05       1,013       1,197       20  

7/23/21

 

11/18/21

 

12/15/21

    0.10       2,027       2,395       38  

7/23/21

 

10/19/21

 

11/16/21

    0.10       2,010       1,907       34  

7/23/21

 

9/17/21

 

10/15/21

    0.10       2,008       2,068       36  

4/23/21

 

8/18/21

 

9/15/21

    0.10       1,996       2,041       34  

4/23/21

 

7/20/21

 

8/16/21

    0.10       1,983       1,937       34  

4/23/21

 

6/17/21

 

7/16/21

    0.10       1,964       1,888       33  

2/26/21

 

5/18/21

 

6/15/21

    0.10       1,964       1,671       29  

2/26/21

 

4/20/21

 

5/14/21

    0.10       1,937       1,794       29  

2/26/21

 

3/18/21

 

4/16/21

    0.10       1,938       1,653       28  
            $ 1.25     $ 25,067       28,057     $ 460  

 

On February 23, 2023, the Board declared monthly distributions per share, payable as set forth in the following table:

 

Ex-Dividend Date

 

Record Date

 

Payment Date

 

Distributions Declared

 

March 16, 2023

 

March 17, 2023

 

April 14, 2023

  $ 0.11  

April 17, 2023

 

April 18, 2023

 

May 16, 2023

  $ 0.11  

May 17, 2023

 

May 18, 2023

 

June 14, 2023

  $ 0.11  

 

After paying distributions of $1.25 per share deemed paid for tax purposes in 2022, declaring on October 28, 2022 a distribution of $0.11 per share payable January 13, 2023, and taxable earnings of $1.60 per share in 2022, the Company’s undistributed spillover income as of December 31, 2022 was $0.68 per share. Spillover income includes any ordinary income and net capital gains from the preceding tax years that were not distributed during such tax years.