Shareholders' Equity

12 Months Ended

Sep. 30, 2024

Equity [Abstract]

Shareholders' Equity

Shareholders’ Equity

At September 30, 2024, there were 300.0 shares of the Company’s common stock authorized, of which 3.4 shares were reserved for outstanding awards under the 2018, 2009 and 2000 Plans. The Company’s Amended and Restated Articles of Incorporation authorize it to issue up to 10.0 shares of $0.01 par value preferred stock. As of September 30, 2024, there were no shares of preferred stock issued or outstanding.

Share Repurchases

During fiscal 2024, the Company repurchased 1.6 shares of common stock under the January 2018 Board share repurchase authorization for $58.5 and has 3.0 shares of its common stock available for repurchase in the future under the Board’s authorization. Future share repurchases, if any, would be made in the open market, privately negotiated transactions, or otherwise, in such amounts and at such times as we deem appropriate based upon prevailing market conditions, business needs, and other factors. Additionally, 0.2 shares were purchased related to the surrender of shares of common stock to satisfy tax withholding obligations in connection with the vesting of RSEs.

Since September 30, 2024, the Company repurchased 0.2 shares of common stock for $7.4 under the share repurchase Board authorization from January 2018 which allows the repurchase of up to 10.0 shares. There are 3.0 common shares remaining available to be purchased.

Dividends

The following is a summary of cash dividends paid and declared per share on the Company’s Common Stock during the year ended September 30, 2024:

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
May 8, 2024	June 6, 2024	July 9, 2024	$	0.15
August 6, 2024	September 4, 2024	October 3, 2024	$	0.15

On October 31, 2024, the Board declared a quarterly cash dividend of $0.15 per common share for the fourth fiscal quarter of 2024. The dividend will be paid on January 8, 2025 to shareholders of record as the close of business on December 3, 2024.

Dividends declared during fiscal 2024 totaled $30.6. Payments made for dividends during fiscal 2024 totaled $30.7.