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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Schedule of Dividends Activity

The following table details our dividend activity:

			Year ended December 31,
Dividends declared per share of:			2021						2020						2019
Common Stock(1)			$1.40						$1.45						$1.84
Series B Preferred Stock			1.00						2.00						2.00
Series B-1 Preferred Stock			0.90						N/A						N/A
Series C Preferred Stock(2)			N/A						N/A						0.72

  ———————

(1) As our aggregate 2021 distributions did not exceed our earnings and profits, $0.1055 of the January 2022 distribution declared in the fourth quarter of 2021, and payable to common stockholders of record as of December 31, 2021, will be treated as a 2021 distribution for U.S. federal income tax purposes.

(2) The Series C Preferred Stock was redeemed in full in June 2019.

Common Stock Repurchases

As of December 31, 2021 there was $172.2 million remaining authorized under our stock repurchase program.

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

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