Common Stock (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Declared Dividends Per Share

The Company declared dividends per common share, including DERs (Note 11), during the periods presented as follows:


	Dividends per Common Share		Amount (in thousands)
2024:

Third Quarter	$	0.215	$	13,787
Second Quarter	0.215		13,873
First Quarter	0.215		14,155
Total dividends declared in 2024	$	0.645	$	41,815

2023:
Fourth Quarter	$	0.195	$	12,941
Third Quarter	0.195		13,098
Second Quarter	0.195		13,667
First Quarter	0.195		13,629
Total dividends declared in 2023	$	0.780	$	53,335

Schedule of Share Repurchase Activity

The Company's share repurchase activity for the periods presented was as follows:


	Three months ended September 30,				Nine months ended September 30,
(in thousands, except share and per share amounts)	2024		2023		2024		2023
Shares repurchased in the open market:
Shares repurchased	493,040		1,153,400		1,627,793		1,982,289
Average price	$	65.96	$	56.28	$	64.70	$	52.98
Aggregate value	$	32,522	$	64,918	$	105,323	$	105,030
Shares repurchased from Magnus:
Shares repurchased	587,520		—		587,520		2,168,528
Average price (1)	$	63.83	$	—	$	63.83	$	46.11
Aggregate value	$	37,499	$	—	$	37,499	$	100,001
Total shares repurchased:
Shares repurchased	1,080,560		1,153,400		2,215,313		4,150,817
Average price	$	64.80	$	56.28	$	64.47	$	49.40
Aggregate value (2)	$	70,021	$	64,918	$	142,822	$	205,031

___________________________________

(1) In accordance with the share repurchase agreements, shares purchased from Magnus are accrued for at the same weighted average price as those purchased on the open market, as if the purchase from Magnus had occurred on the same day. As such, the average price of Magnus repurchases during any given period will differ from open market repurchases due to the settlement of the previously recorded share repurchase liability, as well as open market purchases made after the completion of the Magnus share repurchase agreements.

(2) Includes $0.5 million and $2.0 million related to shares repurchased not settled as of the nine months ended September 30, 2024 and 2023, respectively.