Net income per share and common dividends |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income per share and common dividends | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net income per share and common dividends | 13. Net income per share and common dividends Basic and diluted net income per share is calculated by dividing the net income available to common shareholders by the average number of common shares outstanding during the periods. Diluted net income per share is calculated by adjusting the net income available to common shareholders and the weighted average number of common shares used for calculating basic income per share for the effects of all potentially dilutive shares. Such dilutive common shares are excluded when the effect would be to increase earnings per share or reduce a loss per share.
For the year ended December 31, 2025, no stock appreciation rights (“SARs”) were outstanding (2024: Nil, 2023: 176,360) and 344,639 RSUs (2024: 370,364, 2023: 716,452) were outstanding. For the year ended December 31, 2025, there were no SARs and RSUs. During the year ended December 31, 2025, the Company paid cash dividends on its outstanding shares of common stock aggregating $12.2 million (2024: $45.1 million). |
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