XML 34 R24.htm IDEA: XBRL DOCUMENT v3.21.2
Stockholders' Equity
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Stockholders' Equity 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 September 30, 2021, 139,894,060 shares of common stock were issued and outstanding, and 6,770,393 shares of 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock ("Series B-1 Preferred Stock") were issued and outstanding.
On July 15, 2021, we exchanged all 6,770,393 shares outstanding of our Series B Preferred Stock for 6,770,393 shares of 7.25% Series B-1 Preferred Stock, par value $0.01 per share, with a liquidation preference of $25.00 per share, pursuant to an exchange agreement with the two existing holders of the Series B Preferred Stock.
Dividends. The following table details our dividend activity:
Three months endedNine months ended
Dividends declared per share of:September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Common Stock$0.35$0.35$1.05$1.10
Series B Preferred Stock—0.501.001.50
Series B-1 Preferred Stock0.45—0.45—
Common Stock Repurchases. As of September 30, 2021 there was $172.2 million remaining authorized under our stock repurchase program. The following table details our common stock repurchase activity during the three and nine months ended September 30, 2021 and 2020:
Three months endedNine months ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
Shares Repurchased— 5,038,619 — 10,834,595 
Weighted Average Price— $9.01— $8.45