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Share Based Compensation Awards (Tables) | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The assumptions used in the determination of fair value for stock options granted in first quarter 2024 and 2023 are provided in the table below:
|  | First Quarter
Assumptions |  | 2024 |  | 2023
Expected volatility rate |  | 30.21% |  | 30.55%
Expected dividend yield |  | 3.82% |  | 3.31%
Average risk-free interest rate |  | 4.34% |  | 4.13%
Expected term years |  | 6.7 |  | 6.4

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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