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Stockholders' Equity
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Stockholders' Equity Stockholder's Equity
Base dividends. During the three months ended March 31, 2022 and 2021, the Company paid a base dividend of $0.585 per share of common stock and $0.375 per share of common stock, respectively.
On May 4, 2022, the Company declared a base dividend of $0.585 per share of common stock payable on June 1, 2022 to shareholders of record as of May 20, 2022.
Variable dividends. During the three months ended March 31, 2022, the Company paid a variable dividend of $3.00 per share of common stock. There were no variable dividends paid during the three months ended March 31, 2021.
On May 4, 2022, the Company declared a variable dividend of $2.94 per share of common stock payable on June 15, 2022 to shareholders of record as of June 1, 2022.
Future dividend payments will depend on the Company’s earnings, financial condition, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends and other considerations that the Board of Directors deems relevant.
Share repurchase program. In February 2022, the Board of Directors authorized a share-repurchase program covering up to $150.0 million of the Company’s common stock. The Company repurchased no shares of common stock under the share-repurchase program during the three months ended March 31, 2022.
Warrants. As of March 31, 2022, there were 1,174,359 warrants outstanding. During the three months ended March 31, 2022, there were 333,617 warrants exercised. The warrants, which are classified as equity, are exercisable to purchase one share of common stock per warrant at an exercise price of $90.57 per warrant.