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Subsequent Events
9 Months Ended
Sep. 30, 2020
Subsequent Events  
Subsequent Events

Note 13. Subsequent Events

On November 5, 2020, the Company’s board of directors approved an increase in the Company’s quarterly cash dividend from $0.15 per share to $0.16 per share on its outstanding Class A common stock. The dividend will be paid on January 6, 2021 to holders of record of the Company’s Class A common stock as of December 18, 2020. The Company’s board of directors also approved a cash dividend of $0.384375 per share on its outstanding Series A Preferred Stock, which will be paid on December 15, 2020 to holders of record of the Company’s Series A Preferred Stock as of November 30, 2020. In addition, on November 5, 2020, the Company’s board of directors authorized a share repurchase program of up to $100.0 million of Class A common stock that expires on June 15, 2021.