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Capital Stock and Dividends
 9 Months Ended
Sep. 30, 2023
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 the first nine months of fiscal 2023 and fiscal 2022, the Company's Board of Directors declared the following cash dividends:
Date DeclaredDividend Amount
Per Share of Common Stock		Record DateDate Paid
August 9, 2023$1.03 August 28, 2023September 12, 2023
May 10, 2023$1.03 May 30, 2023June 13, 2023
February 8, 2023$1.03 February 27, 2023March 14, 2023
August 4, 2022$0.92 August 22, 2022September 7, 2022
May 10, 2022$0.92 May 25, 2022June 8, 2022
January 26, 2022$0.92 February 21, 2022March 8, 2022

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 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 that the Company’s Board of Directors deem relevant.

On November 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 December 12, 2023, to stockholders of record as of the close of business on November 27, 2023.