Equity

6 Months Ended

Mar. 31, 2024

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

Share Repurchases

In January 2018, the Company’s Board of Directors (the “Board”) authorized the repurchase of up to 10.0 shares of the Company’s common stock, replacing the previous share repurchase authorization from May 2015. The Company repurchased 0.8 shares of its common stock for $30.3 during the six months ended March 31, 2024. There are 3.8 shares of common stock available for repurchase in the future under the Board’s authorization as of March 31, 2024. Any future share repurchases may be made in the open market, privately negotiated transactions, or otherwise permitted, and in such amounts and at such times as the Company deems appropriate based upon prevailing market conditions, business needs, and other factors.

Dividends

Dividend activity in the six months ended March 31, 2024 are as follows:

Date Declared	Record Date	Payable Date	Amount Per Share
August 1, 2023	September 7, 2023	October 4, 2023	$	0.15
November 2, 2023	December 6, 2023	January 4, 2024	$	0.15
February 1, 2024	March 7, 2024	April 4, 2024	$	0.15

On May 8, 2024, the Board declared a quarterly cash dividend of $0.15 per common share for the third fiscal quarter of 2024. The dividend will be payable on July 9, 2024 to shareholders of record as the close of business on June 6, 2024.

Dividends declared during the six months ended March 31, 2024 totaled $15.2. Payments made for dividends during the six months ended March 31, 2024 totaled $15.8.