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Stockholders' Equity
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Stockholders' Equity

Note 15 – 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, 2025, 138,943,831 shares of common stock were issued and outstanding and 6,770,393 shares of our 7.25% Series B-1 Cumulative Redeemable Perpetual Preferred Stock ("Series B-1 Preferred Stock") were issued and outstanding. The Series B-1 Preferred Stock, with a par value $0.01 per share, have a liquidation preference of $25.00 per share.

Dividends. The following table details our dividend activity:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Dividends declared per share of:

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Common Stock

 

$

0.25

 

 

$

0.35

 

 

$

0.50

 

 

$

0.70

 

Series B-1 Preferred Stock

 

$

0.45

 

 

$

0.45

 

 

$

0.90

 

 

$

0.90

 

 

Common Stock Repurchases. There was no common stock repurchase activity during the three and six months ended June 30, 2025. During the three and six months ended June 30, 2024, we repurchased 3,723,772 shares of our common stock at a weighted-average price of $10.16 per share. As of June 30, 2025, the approximate dollar value of shares that may yet be purchased under our stock repurchase program was $131.6 million.