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Selected Quarterly Financial Data (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
Dividends

Dividends on shares of each Series are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by the Company's Board of Directors. Dividends will be payable equal to the stated rate per annum of the $25.00 liquidation preference per share. The Series rank senior to the Company's common shares with respect to dividend rights and rights upon the Company's liquidation, dissolution or winding up, whether voluntary or involuntary.

The Company paid the following quarterly dividends during the year ended December 31, 2019 on its issued and outstanding Series:
 
 
 
Series A
 
Series B
 
Series C
Record Date
Payment Date
 
Aggregate Payment
 
Per Share
Payment
 
Aggregate Payment
 
Per Share
Payment
 
Aggregate Payment
 
Per Share
Payment
December 9, 2019
December 16, 2019
 
$1.8 million
 
$0.53125
 
$2.9 million
 
$0.50000
 
$1.4 million
 
$0.19462
September 9, 2019
September 16, 2019
 
$1.8 million
 
$0.53125
 
$2.6 million
 
$0.45000
 
n/a
 
n/a
June 10, 2019
June 17, 2019
 
$1.8 million
 
$0.53125
 
n/a
 
n/a
 
n/a
 
n/a

As of December 31, 2019, the Company had cumulative unpaid preferred dividends of $1.3 million.




The following table sets forth certain key interim financial information for the years ended December 31, 2019 and 2018:
(In thousands, except per share amounts)
 
First
Quarter
 
Second
Quarter
 
Third Quarter
 
Fourth
Quarter
2019
 
 
 
 
 
 
 
Total leasing revenues
$
340,859

 
$
338,566

 
$
336,668

 
$
331,176

Trading margin
$
3,587

 
$
4,496

 
$
4,150

 
$
2,275

Net gain on sale of leasing equipment
$
8,469

 
$
7,519

 
$
6,196

 
$
4,857

Net income attributable to shareholders
$
91,914

 
$
84,071

 
$
85,895

 
$
77,161

Net income per basic common share
$
1.18

 
$
1.13

 
$
1.18

 
$
1.07

Net income per diluted common share
$
1.17

 
$
1.12

 
$
1.17

 
$
1.07

2018
 
 
 
 
 
 
 
Total leasing revenues
$
315,097

 
$
329,771

 
$
350,078

 
$
355,357

Trading margin
$
2,991

 
$
3,994

 
$
5,810

 
$
6,126

Net gain on sale of leasing equipment
$
9,218

 
$
11,105

 
$
7,055

 
$
7,999

Net income attributable to shareholders
$
80,892

 
$
104,870

 
$
94,236

 
$
69,557

Net income per basic common share
$
1.01

 
$
1.31

 
$
1.18

 
$
0.88

Net income per diluted common share
$
1.00

 
$
1.30

 
$
1.17

 
$
0.87