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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Dividends Declared
The following table lists the regular dividends declared and paid by the Company during the years ended December 31, 2025, 2024 and 2023:

Declaration DateShareholder Record DateSecurities ClassDividend Per SharePeriod CoveredDistribution DateDividend Amount
(in thousands)
2025
February 13, 2025March 14, 2025Common Stock$0.76 First Quarter 2025March 28, 2025$208,873 
May 15, 2025June 13, 2025Common Stock$0.78 Second Quarter 2025June 27, 2025$220,743 
August 28, 2025September 12, 2025Common Stock$0.78 Third Quarter 2025September 26, 2025$220,747 
November 24, 2025December 5, 2025Common Stock$0.78 Fourth Quarter 2025December 19, 2025$220,769 
2024
February 26, 2024March 15, 2024Common Stock$0.76 First Quarter 2024March 29, 2024$206,340 
May 20, 2024June 7, 2024Common Stock$0.76 Second Quarter 2024June 21, 2024$206,340 
August 28, 2024September 13, 2024Common Stock$0.76 Third Quarter 2024September 27, 2024$208,538 
November 25, 2024December 6, 2024Common Stock$0.76 Fourth Quarter 2024December 20, 2024$208,559 
2023
February 22, 2023March 10, 2023Common Stock$0.72 First Quarter 2023March 24, 2023$188,896 
February 22, 2023March 10, 2023Common Stock$0.25 First Quarter 2023
March 24, 2023 (1)
$65,588 
June 1, 2023June 16, 2023Common Stock$0.72 Second Quarter 2023June 30, 2023$189,095 
August 30, 2023September 15, 2023Common Stock$0.73 Third Quarter 2023September 29, 2023$192,085 
November 22, 2023December 8, 2023Common Stock$0.73 Fourth Quarter 2023December 22, 2023$197,394 
Dividends Classification
A summary of the Company's taxable common stock distributions for the years ended December 31, 2025, 2024 and 2023 is as follows (unaudited):

Year Ended December 31,
202520242023
(in dollars per share)
Qualified dividends$— $— $— 
Non-qualified dividends3.0010 2.9584 3.0215 
Capital gains0.0018 0.0178 0.0004 
Non-taxable return of capital0.0972 0.0638 0.1281 
Total distributions per common share $3.10 $3.04 $3.15 
Percentage classified as qualified dividends— %— %— %
Percentage classified as non-qualified dividends
96.81 %97.32 %95.92 %
Percentage classified as capital gains0.06 %0.58 %0.01 %
Percentage classified as non-taxable return of capital
3.13 %2.10 %4.07 %
100.00 %100.00 %100.00 %