d u k e r e a l t y c o r p o r a t i o n 1 6 2 0 0 2 a n n u a l r e p o r t management 2019s discussion and analysis of financial conditionand results of operations the indenture governing the company 2019s unsecured notes also requires the company to comply with financial ratios and other covenants regarding the operations of the company . the company is currently in compliance with all such covenants and expects to remain in compliance in the foreseeable future . in january 2003 , the company completed an issuance of unsecured debt totaling $ 175 million bearing interest at 5.25% ( 5.25 % ) , due 2010 . sale of real estate assets the company utilizes sales of real estate assets as an additional source of liquidity . during 2000 and 2001 , the company engaged in a capital-recycling program that resulted in sales of over $ 1 billion of real estate assets during these two years . in 2002 , this program was substantially reduced as capital needs were met through other sources and the slower business climate provided few opportunities to profitably reinvest sales proceeds . the company continues to pursue opportunities to sell real estate assets when beneficial to the long-term strategy of the company . uses of liquidity the company 2019s principal uses of liquidity include the following : 2022 property investments and recurring leasing/capital costs ; 2022 dividends and distributions to shareholders and unitholders ; 2022 long-term debt maturities ; and 2022 the company 2019s common stock repurchase program . property investments and other capital expenditures one of the company 2019s principal uses of its liquidity is for the development , acquisition and recurring leasing/capital expendi- tures of its real estate investments . a summary of the company 2019s recurring capital expenditures is as follows ( in thousands ) : dividends and distributions in order to qualify as a reit for federal income tax purposes , the company must currently distribute at least 90% ( 90 % ) of its taxable income to its shareholders and duke realty limited partnership ( 201cdrlp 201d ) unitholders . the company paid dividends of $ 1.81 , $ 1.76 and $ 1.64 for the years ended december 31 , 2002 , 2001 and 2000 , respectively . the company expects to continue to distribute taxable earnings to meet the requirements to maintain its reit status . however , distributions are declared at the discretion of the company 2019s board of directors and are subject to actual cash available for distribution , the company 2019s financial condition , capital requirements and such other factors as the company 2019s board of directors deems relevant . debt maturities debt outstanding at december 31 , 2002 , totaled $ 2.1 billion with a weighted average interest rate of 6.25% ( 6.25 % ) maturing at various dates through 2028 . the company had $ 1.8 billion of unsecured debt and $ 299.1 million of secured debt outstanding at december 31 , 2002 . scheduled principal amortization of such debt totaled $ 10.9 million for the year ended december 31 , 2002 . following is a summary of the scheduled future amortization and maturities of the company 2019s indebtedness at december 31 , 2002 ( in thousands ) : .
at december 31 , 2002 what was the ratio of the company unsecured debt to the secured debt outstanding
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