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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of preferred stock The following tables summarize details about the Company's preferred stock:
Series B
Preferred Stock
Series C
Preferred Stock
Par value$0.01 $0.01 
Liquidation value$25.00 $25.00 
September 30, 2024December 31, 2023
Series B
Preferred Stock
Series C
Preferred Stock
Series B
Preferred Stock
Series C
Preferred Stock
Shares authorized6,050,0006,450,0006,050,0006,450,000
Shares issued and outstanding1,449,6094,922,9251,449,6095,000,000
Balance$34,767,000 $122,851,000 $34,767,000 $124,774,000 
Schedule of dividends declared and paid
The following table provides a summary of dividends declared and paid per share:
Three months ended September 30,Nine months ended September 30,
2024202320242023
7.25% Series B Preferred Stock
$0.453125 $0.453125 $1.359375 $1.359375 
6.50% Series C Preferred Stock
$0.406250 $0.406250 $1.218750 $1.218750 
Schedule of share repurchase program activity
The following table provides a summary of stock repurchase activity under the Repurchase Program. There were no repurchases of the Series B Preferred Stock during the three months ended September 30, 2024.
Series C Preferred Stock
PeriodTotal Number of Shares PurchasedWeighted Average Price Paid per ShareTotal Number of Shares Purchased As Part of Publicly Announced Plans or ProgramsApproximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (a)
July 1, 2024 through July 31, 2024— $— — $— 
August 1, 2024 through August 31, 202430,981 $13.48 30,981 $9,582,000 
September 1, 2024 through September 30, 202446,094 $13.35 46,094 $8,966,000 
Total77,075 77,075 
(a)Reflects the dollar value of shares that may yet be repurchased under the Repurchase Program announced on August 12, 2024.