Quarterly report pursuant to Section 13 or 15(d)


6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  


On July 29, 2021, the Company’s Board of Directors declared a quarterly dividend of $0.28 per share of common stock. The common stock dividend amount is the same as the prior quarter and an increase of $0.03, or 12.0%, from the dividend paid in the third quarter of 2020. The common stock dividend is payable on August 27, 2021 to common shareholders of record as of August 13, 2021.

The Board also 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 consistent with the prior quarter. The preferred stock dividend is payable on September 1, 2021 to preferred shareholders of record as of August 17, 2021.

As discussed in Note 9 “Stockholders’ Equity”, the Company repurchased certain shares of common stock of the Company under the Repurchase Program. Additionally, subsequent to the quarter ended June 30, 2021, as part of the Repurchase Program, 1.5 million shares (or $54.0 million) were repurchased between July 1, 2021 and August 3, 2021. As of August 3, 2021, the Company is authorized under the Repurchase Program to repurchase approximately $28.7 million of the Company’s common stock.