v3.26.1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Stockholders' Equity

Note 15 – Stockholders' Equity

Our authorized capital stock consists of 450,000,000 shares of common stock, $0.01 par value per share and 50,000,000 shares of preferred stock, $0.01 par value per share. As of June 30, 2026, 128,212,093 shares of common stock were issued and outstanding and 6,770,393 shares of our 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock ("Series B-1 Preferred Stock") were issued and outstanding. The Series B-1 Preferred Stock, with a par value $0.01 per share, have a liquidation preference of $25.00 per share.

 

Dividends. The following table details our dividend activity:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

Dividends declared per share of:

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

Common Stock

 

$

3.75

 

 

$

0.25

 

 

$

4.00

 

 

$

0.50

 

 

Series B-1 Preferred Stock

 

$

0.45

 

 

$

0.45

 

 

$

0.90

 

 

$

0.90

 

 

 

Common Stock Repurchases. In April 2026, our board of directors approved a stock repurchase program for up to an aggregate of $150.0 million of our common stock. This $150.0 million program replaced the previous program authorized in March 2020, as amended in February 2021, which was terminated. During the three and six months ended June 30, 2026, we repurchased 8,579,855 and 11,453,999 shares, respectively, of our common stock at a weighted-average price of $10.85 and $10.76 per share, respectively. During the three and six months ended June 30, 2025, there was no common stock repurchase activity. As of June 30, 2026, the approximate dollar value of shares that may yet be purchased under our stock repurchase program was $99.2 million.