Dividends and Share Repurchases |
6 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Stockholders' Equity Note [Abstract] | |
| Dividends and Share Repurchases | Dividends and Share Repurchases On February 27, 2026, the Company paid a regular dividend on its common stock of $0.27 per share, which represented the 172nd consecutive quarterly cash dividend. Dividends per share were $0.27 and $0.27 for the quarters ended March 31, 2026 and 2025, respectively. For the three months ended March 31, 2026, the Company repurchased 2,738,096 shares of its common stock at an average per share price of $31.85. For the six months ended March 31, 2026, the Company repurchased 4,688,109 shares of its common stock at an average per share price of $30.98. Purchases were made both under the Company's Board of Directors (“Board”) approved publicly announced stock repurchase program, and outside the repurchase program, primarily consisting of the forfeiture and cancellation of shares upon vesting of restricted stock awards to pay required tax withholding obligations, and shares underlying stock options surrendered in payment of the exercise price and to pay required tax withholding obligations. In February 2026, the Board increased the number of shares authorized under the program to 10 million shares. As of March 31, 2026, there are 7,992,669 remaining shares authorized to be repurchased under the current Board approved stock repurchase program. The Company pays a cash dividend, if declared by the Board, of $12.1875 per share on its Series A Preferred Stock quarterly on January 15, April 15, July 15 and October 15. This dividend equals $0.30468750 per depositary share (each dividend, a "Series A Preferred Dividend").
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