Common shares (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangements [Abstract]

Summary of activity for awards of restricted stock

The following is a summary of activity for awards of restricted stock during the years ended December 31, 2023 and 2022:


		Number of Shares	Weighted Average Grant Date Fair Value
Outstanding and non-vested, December 31, 2021		2,997,992	$	23.27
	Granted	1,047,997	21.39
	Vested	(1,337,500)	25.11
	Forfeited	(2,500)	16.66
Outstanding and non-vested, December 31, 2022		2,705,989	$	21.63
	Granted	1,817,750	55.61
	Vested	(1,280,179)	27.11
	Forfeited	(12,500)	24.27
Outstanding and non-vested, December 31, 2023		3,231,060	$	38.57

Summary of future stock compensation expense

Assuming that all the restricted stock will vest, the stock compensation expense in future periods, including that related to restricted stock issued in prior periods will be:


In thousands of U.S. dollars	Employees		Directors		Total

For the year ending December 31, 2024	34,275		1,455		35,730
For the year ending December 31, 2025	26,228		382		26,610
For the year ending December 31, 2026	13,252		—		13,252
For the year ending December 31, 2027	4,399		—		4,399
	$	78,154	$	1,837	$	79,991

Summary of dividend payments

The following dividends were paid during the years ended December 31, 2023, 2022, and 2021.


Dividends						Date
per share						Paid
$0.10						March 15, 2021
$0.10						June 15, 2021
$0.10						September 29, 2021
$0.10						December 15, 2021
$0.10						March 15, 2022
$0.10						June 15, 2022
$0.10						September 15, 2022
$0.10						December 15, 2022
$0.20						March 31, 2023
$0.25						June 30, 2023
$0.25						September 15, 2023
$0.35						December 15, 2023