Stockholders Equity |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Equity [Abstract] | |
| Stockholders Equity | Stockholders’ Equity During the years ended December 31, 2025 and December 31, 2024, the Company issued and sold 1,277,812 and 188,456 shares, respectively, of its common stock through its at-the-market equity offering program (the “ATM Program”) resulting in proceeds of $12.3 million and $2.3 million, respectively, net of commissions and fees. These shares of common stock were issued in SEC registered transactions off the Company’s shelf registration statement. Per the terms of our ATM Program, we may offer and sell shares of our common stock having aggregate gross proceeds of up to $75.0 million from time to time, of which $60.2 million is available. On July 25, 2024 the Company repurchased 1,707,922 shares of common stock owned by Xylem Finance LLC, an affiliate of Davidson Kempner Capital Management, LP, for an aggregate repurchase price of approximately $20.0 million following the issuance of $50 million in aggregate principal amount of the 2029 Notes. For the year ended December 31, 2025, the Company paid $30.9 million of dividends on common stock of which 64.8% was taxable as ordinary income and 35.2% was taxable as return of capital. For the year ended December 31, 2024, the Company paid $31.0 million of dividends on common stock of which 44.9% was taxable as ordinary income and 55.1% was taxable as return of capital.
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