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Shareholders' Equity (Tables)
12 Months Ended
Sep. 30, 2016
Dividends Payable [Line Items]  
Schedule of Shares Issued in Connection with Dividend Reinvestment and Stock Purchase Plan

Amounts received in connection with the DRIP and shares issued in connection with the DRIP for the fiscal years ended September 30, 2016, 2015 and 2014 were as follows:

 

    2016     2015     2014  
                   
Amounts received   $ 72,175,797     $ 48,404,556     $ 38,090,334  
Less: Dividend reinvestments     8,369,146       8,489,169       7,624,528  
Amounts received, net   $ 63,806,651     $ 39,915,387     $ 30,465,806  
                         
Number of Shares Issued     6,515,750       4,975,500       4,296,075  

Summary of Cash Distributions to Common Shareholders

The following cash distributions were paid to common shareholders during the years ended September 30, 2016, 2015 and 2014:

 

    2016     2015     2014  
Quarter Ended   Amount     Per Share     Amount     Per Share     Amount     Per Share  
                                     
December 31   $ 10,083,160     $ 0.16     $ 8,598,414     $ 0.15     $ 6,815,308     $ 0.15  
March 31     10,384,295       0.16       8,765,446       0.15       7,030,326       0.15  
June 30     10,647,332       0.16       8,952,767       0.15       7,182,521       0.15  
September 30     10,919,396       0.16       9,205,500       0.15       8,503,275       0.15  
    $ 42,034,183     $ 0.64     $ 35,522,127     $ 0.60     $ 29,531,430     $ 0.60  

Series A Preferred Stock [Member]  
Dividends Payable [Line Items]  
Schedule of Dividend Declared and Paid On Preferred Stock

The Company’s Board of Directors have declared and the Company has paid the following dividends on the 7.625% Series A Preferred Stock for the fiscal years ended September 30, 2016, 2015 and 2014:

 

Declaration
Date
  Record
Date
  Payment
Date
  Dividend     Dividend
per Share
 
                     
10/1/15   11/16/15   12/15/15   $ 1,019,725     $ 0.4765625  
1/19/16   2/16/16   3/15/16     1,019,726       0.4765625  
4/5/16   5/16/16   6/15/16     1,019,725       0.4765625  
7/1/16   8/15/16   9/15/16     1,019,726       0.4765625  
            $ 4,078,902     $ 1.90625  

 

Declaration
Date
  Record
Date
  Payment
Date
  Dividend     Dividend
per Share
 
                     
10/1/14   11/17/14   12/15/14   $ 1,019,725     $ 0.4765625  
1/21/15   2/17/15   3/16/15     1,019,726       0.4765625  
4/1/15   5/15/15   6/15/15     1,019,725       0.4765625  
7/1/15   8/17/15   9/15/15     1,019,726       0.4765625  
            $ 4,078,902     $ 1.90625  

 

Declaration
Date
  Record
Date
  Payment
Date
  Dividend     Dividend
per Share
 
                     
10/1/13   11/15/13   12/16/13   $ 1,019,725     $ 0.4765625  
1/15/14   2/18/14   3/17/14     1,019,726       0.4765625  
4/1/14   5/15/14   6/16/14     1,019,725       0.4765625  
7/1/14   8/15/14   9/15/14     1,019,726       0.4765625  
            $ 4,078,902     $ 1.90625  

Series B Preferred Stock [Member]  
Dividends Payable [Line Items]  
Schedule of Dividend Declared and Paid On Preferred Stock

The Company’s Board of Directors have declared and the Company has paid the following dividends on the Series B Preferred Stock for the year ended September 30, 2016, 2015 and 2014:

 

Declaration
Date
  Record
Date
  Payment
Date
  Dividend     Dividend
per Share
 
                     
10/1/15   11/16/15   12/15/15   $ 1,132,032     $ 0.4921875  
1/19/16   2/16/16   3/15/16     1,132,033       0.4921875  
4/5/16   5/16/16   6/15/16     1,132,032       0.4921875  
7/1/16   8/15/16   9/15/16     1,132,033       0.4921875  
            $ 4,528,130     $ 1.96875  

 

Declaration
Date
  Record
Date
  Payment
Date
  Dividend     Dividend
per Share
 
                     
10/1/14   11/17/14   12/15/14   $ 1,132,032     $ 0.4921875  
1/21/15   2/17/15   3/16/15     1,132,033       0.4921875  
4/1/15   5/15/15   6/15/15     1,132,032       0.4921875  
7/1/15   8/17/15   9/15/15     1,132,033       0.4921875  
            $ 4,528,130     $ 1.96875  

 

Declaration
Date
  Record
Date
  Payment
Date
  Dividend     Dividend
per Share
 
                     
10/1/13   11/15/13   12/16/13   $ 1,132,032     $ 0.4921875  
1/15/14   2/18/14   3/17/14     1,132,033       0.4921875  
4/1/14   5/15/14   6/16/14     1,132,032       0.4921875  
7/1/14   8/15/14   9/15/14     1,132,033       0.4921875  
            $ 4,528,130     $ 1.96875