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Stockholders equity and dividend payment

9 Months Ended

Sep. 30, 2021

Stockholders equity and dividend payment [Abstract]

Stockholders equity and dividend payment

Note 6 – Stockholders equity and dividend payment

	Common stock		Preferred stock
Issued at September 30, 2021		166,687,881		-
Numbers of shares authorized for issue at September 30, 2021		250,000,000		1,000,000
Par value	$	0.01	$	0.01

Common stock:

Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.

Stock repurchases

In the third quarter of 2021, the Company purchased 1,230,302 of its own shares in the open market for an aggregate consideration of $6.7 million, at an average price of $5.466. In the second quarter of 2021, the Company purchased 3,721,841 of its own shares in the open market for an aggregate consideration of $22.5 million, at an average price of $6.025. All shares have been retired upon receipt.

Dividend payment

Dividend payment as of September 30, 2021:

Payment date		Total Payment	Per common share
August 26, 2021	$	3.3 million	$	0.02
May 26, 2021	$	6.8 million	$	0.04
February 25, 2021	$	8.6 million	$	0.05
Total payment as of September 30, 2021	$	18.7 million	$	0.11

Dividend payment as of December 31, 2020:

Payment date		Total Payment	Per common share
November 25, 2020	$	34.2 million	$	0.20
September 2, 2020	$	82.0 million	$	0.48
May 26, 2020	$	51.5 million	$	0.35
February 25, 2020	$	47.0 million	$	0.32
Total payment as of December 31, 2020	$	214.7 million	$	1.35