And the two companies you mention added massively to their asset bases, in fact much more than they did in dollar terms than the aount of shares issued.
On the flip side of the income ledger, think of all of those preferred issuers who, after five years, got to significantly reduce the dividend paid on those non-fixed rate preferreds.
By the way, who said dividend income up 20% in 1 year due to inheritance and aging ?? Only you from what I can see.