DISTRIBUTIONS

12 Months Ended

Dec. 31, 2011

Distributions [Abstract]

DISTRIBUTIONS

NOTE 10 – DISTRIBUTIONS

Common Stock

The following cash distributions, including dividends reinvested, were paid to common shareholders during the three years ended December 31, 2011, 2010 and 2009:

   2011    2010    2009

Quarter Ended	Amount	Per Share	Amount	Per Share	Amount	Per Share
March 31	$2,523,564	$.18	$2,222,879	$.18	$1,986,440	$.18
June 30	2,595,832	.18	2,269,804	.18	2,017,810	.18
September 30	2,652,386	.18	2,301,665	.18	2,075,153	.18
December 31	2,723,255	.18	2,422,114	.18	2,140,859	.18
	$10,495,037	$.72	$9,216,462	$.72	$8,220,262	$.72

These amounts do not include the discount on shares purchased through the Company’s Dividend Reinvestment and Stock Purchase Plan.

On January 18, 2012, the Company declared a cash dividend of $.18 per share to be paid on March 15, 2012 to common shareholders of record February 15, 2012.

Preferred Stock

The following dividends were paid to preferred shareholders during the year ended December 31, 2011:

Declaration Date	Record Date	Payment Date	Dividend	Dividend per Share
7/5/2011	8/15/2011	9/15/2011	$736,341	$0.550000
10/4/2011	11/15/2011	12/15/2011	690,318	0.515625
			$1,426,659	$1.065625

On January 18, 2012, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from December 1, 2011 through February 29, 2012, on the Company's 8.25% Series A Cumulative Redeemable Preferred Stock payable March 15, 2012 to preferred shareholders of record February 15, 2012. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.