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 December 31, 2020, 139,295,867 shares of common stock were issued and outstanding, and 6,770,393 shares of Series B Preferred Stock were issued and outstanding.

On June 10, 2019, we redeemed all 6,900,000 of 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.


	Year ended December 31,
Dividends declared per share of:		2020	2019	2018
Common Stock(1)		$1.45	$1.84	$1.84
Series B Preferred Stock		2.00	2.00	2.00
Series C Preferred Stock(2)		N/A	0.7223	2.00

(1)As our aggregate 2020 distributions exceeded our earnings and profits, $0.35 of the January 2021 distribution declared in the fourth quarter of 2020 are payable to common stockholders of record as of December 31, 2020 will be treated as a 2021 distribution for U.S. federal income tax purposes.

Common Stock Offerings. During the first quarter of 2018, we completed a follow-on public offering of 15,525,000 shares of our common stock, including shares issued pursuant to the underwriters' option to purchase additional shares at a price of $17.77 per share. The aggregate net proceeds from the offering were $275.9 million after deducting offering expenses.

During 2018, we issued 10,828,475 shares of our common stock related to exchanges and conversions of the 2019 Notes. Refer to "Note 9 - Convertible Senior Notes, Net" for a further discussion on the exchanges and conversions of the 2019 Notes.

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 our 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. The following table details our common stock repurchase activity during the year ended December 31, 2020:


	Three months ended
	March 31, 2020	June 30, 2020	September 30, 2020	December 31, 2020	Total
Shares Repurchased	300,000	5,495,976	5,038,619	3,998,037	14,832,632
Weighted Average Price	$8.11	$7.96	$9.01	$9.03	$8.61