On February 16, 2023, the Company's board of directors declared a quarterly dividend of $0.075 per common share. Payment of the dividend was made on April 5, 2023 to all shareholders of record on March 29, 2023.

On May 4, 2023, the Company's board of directors declared a quarterly dividend of $0.075 per common share. Payment of the dividend will be made on July 6, 2023 to all shareholders of record on June 28, 2023. Future dividends are subject to approval by the board of directors and may be adjusted as business and industry conditions warrant.

The Company has a stock incentive plan which provides for stock options, restricted stock units (“RSUs”), deferred stock units (“DSUs”), restricted shares, performance shares, performance share units (“PSUs”), and stock appreciation rights to be awarded to employees, consultants and non-employee directors. During the three month period ended March 31, 2023, there were no issued and outstanding stock options, performance shares or stock appreciation rights. As of March 31, 2023, after factoring in all allocated shares, there remain approximately 2.2 million common shares available for grant.

During the three month period ended March 31, 2023, there were no changes to the outstanding restricted shares, RSUs and DSUs.

The following table summarizes PSU activity during the period:


	Number of PSUs
Outstanding as of January 1, 2023		3,484,154
Granted		1,477,642
Vested and issued		(253,508	)
Forfeited		(864,736	)
Outstanding as of March 31, 2023		3,843,552