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Dividends
9 Months Ended
Sep. 30, 2023
Dividends [Abstract]  
Dividends

11. Dividends

The Company has historically paid a dividend to stockholders on a quarterly basis. The Company has a dividend framework that provides for a quarterly base dividend and a variable supplemental dividend, subject to satisfaction of certain measurement tests and the approval of the Board.

The following tables summarize dividends declared during the nine months ended September 30, 2023 and 2022:

 

 

 

Nine Months Ended

 

 

 

September 30, 2023

 

Date Declared

 

Dividend

 

Record Date

 

Payment Date

 

Dividend per Share

 

February 16, 2023

 

Supplemental

 

February 28, 2023

 

March 20, 2023

 

$

0.09

 

February 16, 2023

 

Base

 

March 15, 2023

 

March 31, 2023

 

 

0.46

 

May 8, 2023

 

Supplemental

 

May 31, 2023

 

June 20, 2023

 

 

0.04

 

May 8, 2023

 

Base

 

June 15, 2023

 

June 30, 2023

 

 

0.46

 

August 3, 2023

 

Supplemental

 

August 31, 2023

 

September 20, 2023

 

 

0.06

 

August 3, 2023

 

Base

 

September 15, 2023

 

September 29, 2023

 

 

0.46

 

Total Dividends Declared

 

 

 

 

 

 

 

$

1.57

 

 

 

 

 

Nine Months Ended

 

 

 

September 30, 2022

 

Date Declared

 

Dividend

 

Record Date

 

Payment Date

 

Dividend per Share

 

February 17, 2022

 

Supplemental

 

February 28, 2022

 

March 31, 2022

 

$

0.11

 

February 17, 2022

 

Base

 

March 15, 2022

 

April 18, 2022

 

 

0.41

 

May 3, 2022

 

Supplemental

 

May 31, 2022

 

June 30, 2022

 

 

0.04

 

May 3, 2022

 

Base

 

June 15, 2022

 

July 15, 2022

 

 

0.41

 

August 2, 2022

 

Base

 

September 15, 2022

 

September 30, 2022

 

 

0.42

 

Total Dividends Declared

 

 

 

 

 

 

 

$

1.39

 

 

The dividends declared during the nine months ended September 30, 2023 and 2022 were derived from net investment income, determined on a tax basis.