DIVIDENDS

The following table provides a summary of dividends declared and paid per share:



	Year Ended December 31,
	2018				2017				2016
	Declared		Paid		Declared		Paid		Declared		Paid
Common shares	$	4.040	$	4.020	$	3.960	$	3.940	$	3.840	$	3.800
5.417% Series 1 Cumulative Convertible Preferred shares	$	1.354	$	1.354	$	1.354	$	1.354	$	1.354	$	1.354
5.0% Series C Cumulative Redeemable Preferred shares (1)	$	1.250	$	1.306	$	0.368	$	—	$	—	$	—

(1) Amount represents dividends per depositary share, each representing 1/1000th of a share.

A summary of the income tax status of dividends per share paid is as follows:



	Year Ended December 31,
	2018		2017		2016
Common shares
Ordinary dividend	$	3.859	$	3.940	$	3.800
Ordinary dividend eligible for 15% rate	0.161		—		—
	$	4.020	$	3.940	$	3.800
5.417% Series 1 Cumulative Convertible Preferred shares
Ordinary dividend	$	1.300	$	1.354	$	1.354
Ordinary dividend eligible for 15% rate	0.054		—		—
	$	1.354	$	1.354	$	1.354
5.0% Series C Cumulative Redeemable Preferred shares
Ordinary dividend	$	1.254	$	—	$	—
Ordinary dividend eligible for 15% rate	0.052		$	—	$	—
	$	1.306	$	—	$	—

On October 31, 2018, the Trustees declared a quarterly cash dividend of $1.02 per common share, payable January 15, 2019 to common shareholders of record on January 2, 2019.