SUBSEQUENT EVENTS |
9 Months Ended |
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Sep. 30, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS |
14. SUBSEQUENT EVENTS Dividends On October 29, 2026, the Company’s Board of Directors declared a quarterly dividend on the outstanding shares of its Series A preferred stock. The Series A preferred stock is represented by depositary shares, each representing a 1/400th ownership interest in a share of Series A preferred stock. The dividend of $171.88 per share (equivalent to $0.43 per outstanding depositary share) is payable on December 1, 2026 to preferred shareholders of record as of November 16, 2026. The Company’s Board of Directors also declared a quarterly dividend of $0.40 per share of common stock. The common stock dividend is payable on November 27, 2026 to common shareholders of record as of November 13, 2026. Share Repurchase Program As discussed in Note 9 “Stockholders’ Equity”, the Company has an active Repurchase Program. Subsequent to the quarter ended September 30, 2026, as part of the Repurchase Program, approximately 1.6 million shares (or $62.5 million) were repurchased between October 1, 2026 and November 3, 2026. As of November 3, 2026, the Company is authorized under the Repurchase Program to repurchase approximately $115.0 million of additional shares of the Company’s common stock. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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