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Capital Stock and Dividends
 12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Capital Stock and Dividends Capital Stock and Dividends:
Capital Stock

The authorized capital stock of the Company consists of common stock and preferred stock. The Company is authorized to issue 400 million shares of common stock. The Company is also authorized to issue 40 thousand shares of preferred stock, with such designations, rights and preferences as may be determined from time to time by the Company’s Board of Directors.

Dividends

During fiscal 2022 and 2021, the Company’s Board of Directors declared the following cash dividends:
Date DeclaredDividend Amount
Per Share of Common Stock		Record DateDate Paid
November 2, 2022$0.92November 21, 2022December 6, 2022
August 4, 2022$0.92August 22, 2022September 7, 2022
May 10, 2022$0.92May 25, 2022June 8, 2022
January 26, 2022$0.92February 21, 2022March 8, 2022
November 3, 2021$0.52November 22, 2021December 8, 2021
August 4, 2021$0.52August 23, 2021September 8, 2021
May 5, 2021$0.52May 24, 2021June 8, 2021
January 27, 2021$0.52February 22, 2021March 9, 2021

It is the present intention of the Company’s Board of Directors to continue to pay a quarterly cash dividend; however, the declaration and payment amount of future dividends will be determined by the Company’s Board of Directors in its sole discretion and will depend upon the earnings, financial condition, and capital needs of the Company, along with any other factors which the Company’s Board of Directors deem relevant.
On February 8, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $1.03 per share of the Company’s outstanding common stock.  The dividend will be paid on March 14, 2023, to stockholders of record as of the close of business on February 27, 2023.