Stockholders' Equity

6 Months Ended

Jun. 30, 2020

Stockholders’ Equity

Our authorized capital stock consists of 450,000,000 shares of common stock, $0.01 par value per share and 50,000,000 shares of preferred stock, $0.01 par value per share. As of June 30, 2020, 148,326,806 shares of common stock were issued and outstanding, and 6,770,393 shares of 8.00% Fixed-to-Floating Series B Cumulative Redeemable Perpetual Preferred Stock ("Series B Preferred Stock") were issued and outstanding.

On June 10, 2019, we redeemed all 6,900,000 shares of 8.00% Series C Cumulative Redeemable Perpetual Preferred Stock ("Series C Preferred Stock") outstanding. Holders of the Series C Preferred Stock received the redemption price of $25.00 plus accumulated but unpaid dividends to the redemption date of $0.2223 per share.

Dividends. The following table details our dividend activity:



	Three months ended		Six months ended
Dividend declared per share of:	June 30, 2020	June 30, 2019	June 30, 2020	June 30, 2019
Common Stock	$0.35	$0.46	$0.75	$0.92
Series B Preferred Stock	0.50	0.50	1.00	1.00
Series C Preferred Stock	N/A	0.2223	N/A	0.7223

Common Stock Offerings. During the first quarter of 2019, we issued 1,967,361 shares of our common stock, at a per share conversion price of $17.17, related to conversions of the 2019 Notes, the remainder of which matured on March 15, 2019. We recorded a $33.8 million increase in additional paid in capital in the condensed consolidated statement of changes in stockholders' equity. Refer to "Note 9 - Convertible Senior Notes, Net" for a further discussion on the conversions of the 2019 Notes.

During the second quarter of 2019, we completed a follow-on public offering of 17,250,000 shares of our common stock, including shares issued pursuant to the underwriters' option to purchase additional shares, at a price of $18.27 per share. The aggregate net proceeds from the offering were $314.8 million after deducting offering expenses.

Common Stock Repurchases. During the three months ended March 31, 2020, we repurchased 300,000 shares of our common stock at a weighted-average price of $8.11 per share. During the three months ended June 30, 2020, we repurchased 5,495,976 shares of our common stock at a weighted-average price of $7.96 per share. During the six months ended June 30, 2020, we repurchased 5,795,976 shares of our common stock at a weighted-average price of $7.96 per share.