Dividends

12 Months Ended

Dec. 31, 2019

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



	Year Ended December 31,
	2019				2018				2017
	Declared		Paid		Declared		Paid		Declared		Paid
Common shares	$	4.140	$	4.110	$	4.040	$	4.020	$	3.960	$	3.940
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	$	1.250	$	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,
	2019		2018		2017
Common shares
Ordinary dividend	$	4.110	$	3.859	$	3.940
Ordinary dividend eligible for 15% rate	—		0.161		—
	$	4.110	$	4.020	$	3.940
5.417% Series 1 Cumulative Convertible Preferred shares
Ordinary dividend	$	1.354	$	1.300	$	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	$	1.250	$	1.254	$	—
Ordinary dividend eligible for 15% rate	—		0.052		$	—
	$	1.250	$	1.306	$	—

On October 30, 2019, the Trustees declared a quarterly cash dividend of $1.05 per common share, payable January 15, 2020 to common shareholders of record on January 2, 2020.