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Stockholders’ Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Stockholders' Equity Note [Abstract] |
Schedule of Preferred Stock Dividend Declaration and Payment | The following table presents cash dividends declared by the Company on its Series B Preferred Stock from January 1, 2021 through December 31, 2023:
Year |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share
2023 |  | November 21, 2023 |  | December 4, 2023 |  | December 29, 2023 |  | $0.46875
|  | August 17, 2023 |  | September 5, 2023 |  | September 29, 2023 |  | 0.46875
|  | May 22, 2023 |  | June 5, 2023 |  | June 30, 2023 |  | 0.46875
|  | February 21, 2023 |  | March 6, 2023 |  | March 31, 2023 |  | 0.46875
2022 |  | November 18, 2022 |  | December 5, 2022 |  | December 30, 2022 |  | $0.46875
|  | August 22, 2022 |  | September 6, 2022 |  | September 30, 2022 |  | 0.46875
|  | May 18, 2022 |  | June 1, 2022 |  | June 30, 2022 |  | 0.46875
|  | February 17, 2022 |  | March 1, 2022 |  | March 31, 2022 |  | 0.46875
2021 |  | November 16, 2021 |  | December 1, 2021 |  | December 31, 2021 |  | $0.46875
|  | August 26, 2021 |  | September 8, 2021 |  | September 30, 2021 |  | 0.46875
|  | May 24, 2021 |  | June 7, 2021 |  | June 30, 2021 |  | 0.46875
|  | February 19, 2021 |  | March 5, 2021 |  | March 31, 2021 |  | 0.46875
The following table presents cash dividends declared by the Company on its Series C Preferred Stock from January 1, 2021 through December 31, 2023:
Year |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share
2023 |  | November 21, 2023 |  | December 4, 2023 |  | December 29, 2023 |  | $0.40625
|  | August 17, 2023 |  | September 5, 2023 |  | September 29, 2023 |  | 0.40625
|  | May 22, 2023 |  | June 5, 2023 |  | June 30, 2023 |  | 0.40625
|  | February 21, 2023 |  | March 6, 2023 |  | March 31, 2023 |  | 0.40625
2022 |  | November 18, 2022 |  | December 5, 2022 |  | December 30, 2022 |  | $0.40625
|  | August 22, 2022 |  | September 6, 2022 |  | September 30, 2022 |  | 0.40625
|  | May 18, 2022 |  | June 1, 2022 |  | June 30, 2022 |  | 0.40625
|  | February 17, 2022 |  | March 1, 2022 |  | March 31, 2022 |  | 0.40625
2021 |  | November 16, 2021 |  | December 1, 2021 |  | December 31, 2021 |  | $0.40625
|  | August 26, 2021 |  | September 8, 2021 |  | September 30, 2021 |  | 0.40625
|  | May 24, 2021 |  | June 7, 2021 |  | June 30, 2021 |  | 0.40625
|  | February 19, 2021 |  | March 5, 2021 |  | March 31, 2021 |  | 0.40625
Schedule of Cash Dividends Declared on Common Stock | The following table presents cash dividends declared by the Company on its common stock from January 1, 2021 through December 31, 2023:
Year |  | Declaration Date |  | Record Date |  | Payment Date |  | Dividend Per Share |
2023 |  | December 13, 2023 |  | December 29, 2023 |  | January 31, 2024 |  | $0.350 | (1)
|  | September 20, 2023 |  | October 2, 2023 |  | October 31, 2023 |  | 0.350 |
|  | June 15, 2023 |  | June 30, 2023 |  | July 31, 2023 |  | 0.350 |
|  | March 10, 2023 |  | March 31, 2023 |  | April 28, 2023 |  | 0.350 |
2022 |  | December 14, 2022 |  | December 30, 2022 |  | January 31, 2023 |  | $0.350 | (2)
|  | September 13, 2022 |  | September 30, 2022 |  | October 31, 2022 |  | 0.440 |
|  | June 15, 2022 |  | June 30, 2022 |  | July 29, 2022 |  | 0.440 |
|  | March 11, 2022 |  | March 22, 2022 |  | April 29, 2022 |  | 0.440 | (3)
2021 |  | December 14, 2021 |  | December 31, 2021 |  | January 31, 2022 |  | $0.440 | (4)(5)
|  | September 15, 2021 |  | September 30, 2021 |  | October 29, 2021 |  | 0.400 | (4)
|  | June 15, 2021 |  | June 30, 2021 |  | July 30, 2021 |  | 0.400 | (4)
|  | March 12, 2021 |  | March 31, 2021 |  | April 30, 2021 |  | 0.300 | (4)
(1)At December 31, 2023, the Company had accrued dividends and dividend equivalents payable of $35.8 million related to the common stock dividend declared on December 13, 2023. This dividend will be treated as a dividend paid in 2024 to the extent of the Company’s earnings and profits in 2024. (2)At December 31, 2022, the Company had accrued dividends and dividend equivalents payable of $35.8 million related to the common stock dividend declared on December 14, 2022. A portion of this dividend was considered taxable income to the recipient in 2023. For more information see the Company’s 2023 Dividend Tax Information on its website. (3)The $0.44 per share dividend declared on March 11, 2022, has been adjusted to reflect the Reverse Stock Split; the amount actually paid in respect of such dividend was $0.11 per share, which was based on the pre-split number of shares held by stockholders at the record date for such dividend (March 22, 2022). (4)The $0.44, $0.40, $0.40 and $0.30 per share dividend amounts for the three months ended December 31, 2021, September 30, 2021, June 30, 2021 and March 31, 2021, respectively, have been adjusted to reflect the Company’s one-for-four reverse stock split effected on April 4, 2022; the dividends actually paid in respect of such dividends were $0.11, $0.10, $0.10 and $0.075 per share, respectively, which were based on the pre-split number of shares held by stockholders at the record dates for such dividends (December 31, 2021, September 30, 2021, June 30, 2021, and March 31, 2021, respectively). (5)At December 31, 2021, the Company had accrued dividends and dividend equivalents payable of $47.8 million related to the common stock dividend declared on December 14, 2021. A portion of this dividend was considered taxable income to the recipient in 2022. For more information see the Company’s 2022 Dividend Tax Information on its website.
Schedule of Changes in Balances in Each Component of the Entity's AOCI | The following tables present changes in the balances of each component of the Company’s AOCI for the years ended December 31, 2023, 2022 and 2021:
|  | For the Year Ended December 31, 2023
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  |  |  | Net Unrealized Gain/(Loss) on Financing Agreements (1) |  | Total AOCI
Balance at beginning of period |  | $ | 21,341 |  |  |  |  | $ | — |  |  | $ | 21,341 |
OCI before reclassifications |  | (2,873) |  |  |  |  | — |  |  | (2,873) |
Amounts reclassified from AOCI |  | (770) |  |  |  |  | — |  |  | (770) |
Net OCI during the period (2) |  | (3,643) |  |  |  |  | — |  |  | (3,643) |
Balance at end of period |  | $ | 17,698 |  |  |  |  | $ | — |  |  | $ | 17,698 |
|  | For the Year Ended December 31, 2022
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  |  |  | Net Unrealized Gain/(Loss) on Financing Agreements (1) |  | Total AOCI
Balance at beginning of period |  | $ | 46,833 |  |  |  |  | $ | (1,255) |  |  | $ | 45,578 |
OCI before reclassifications |  | (25,492) |  |  |  |  | 1,255 |  |  | (24,237) |
Amounts reclassified from AOCI |  | — |  |  |  |  | — |  |  | — |
Net OCI during the period (2) |  | (25,492) |  |  |  |  | 1,255 |  |  | (24,237) |
Balance at end of period |  | $ | 21,341 |  |  |  |  | $ | — |  |  | $ | 21,341 |
|  | For the Year Ended December 31, 2021
(In Thousands) |  | Net Unrealized Gain/(Loss) on AFS Securities |  |  |  | Net Unrealized Gain/(Loss) on Financing Agreements (1) |  | Total AOCI
Balance at beginning of period |  | $ | 79,607 |  |  |  |  | $ | (2,314) |  |  | $ | 77,293 |
OCI before reclassifications |  | (32,774) |  |  |  |  | 1,059 |  |  | (31,715) |
Amounts reclassified from AOCI |  | — |  |  |  |  | — |  |  | — |
Net OCI during the period (2) |  | (32,774) |  |  |  |  | 1,059 |  |  | (31,715) |
Balance at end of period |  | $ | 46,833 |  |  |  |  | $ | (1,255) |  |  | $ | 45,578 |
(1)Net Unrealized Gain/(Loss) on Financing Agreements at Fair Value due to changes in instrument-specific credit risk. (2)For further information regarding changes in OCI, see the Company’s consolidated statements of comprehensive income/(loss).

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