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Equity
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Stockholders' Equity Note Disclosure
Note 8. Equity and Dividends

Share Repurchase Plan

On April 15, 2022, the Company’s Board of Directors approved a stock repurchase plan for up to $240.0 million of the Company’s common stock. The plan is effective for a period of one year. Shares may be repurchased from time-to-time in open market transactions at prevailing market prices, in privately negotiated transactions or by other means in accordance with the terms of Rule 10b-18 of the Securities Exchange Act of 1934 as amended and shall be made in accordance with all applicable laws and regulations in effect. The timing and number of shares repurchased, if any, will depend on a variety of factors, including price, general market and economic conditions, alternative investment opportunities and other corporate considerations.

Dividends

The following table summarizes dividends declared by the Board of Directors or paid during the three months ended March 31, 2022 and 2021:

Three Months Ended March 31, 2022
Date of DeclarationDate of RecordDate Paid/PayableQuarterly Dividend
November 5, 2021December 31, 2021January 31, 2022$0.90
February 16, 2022March 31, 2022May 6, 2022$0.90

Three Months Ended March 31, 2021
Date of DeclarationDate of RecordDate Paid/PayableQuarterly Dividend
December 15, 2020December 31, 2020January 29, 2021$1.1025
March 12, 2021March 31, 2021May 7, 2021$1.1025

On May 6, 2022, the Board of Directors declared a $0.90 per share dividend to common stockholders of record on June 30, 2022, payable on August 5, 2022.