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Earnings Per Common Share (Tables)
3 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

 

 

Three Months Ended
December 31,

 

 

 

2024

 

 

2023

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

Net Income

 

$

81.3

 

 

$

85.1

 

Less: Provision for preferred dividends

 

 

3.7

 

 

 

3.7

 

Income allocated to participating securities

 

 

0.1

 

 

 

0.1

 

Income Available to Common Shareholders

 

$

77.5

 

 

$

81.3

 

Weighted Average Common Shares Outstanding (in millions)

 

 

57.7

 

 

 

53.5

 

Basic Earnings Per Common Share

 

$

1.34

 

 

$

1.52

 

 

 

 

 

 

 

Diluted Earnings Per Common Share:

 

 

 

 

 

 

Net Income

 

$

81.3

 

 

$

85.1

 

Less: Provision for preferred dividends

 

 

3.7

 

 

 

3.7

 

Income allocated to participating securities

 

 

0.1

 

 

 

0.1

 

Income Available to Common Shareholders

 

$

77.5

 

 

$

81.3

 

Weighted Average Common Shares Outstanding (in millions)

 

 

57.7

 

 

 

53.5

 

Dilutive Effect of forward sales of common stock, restricted
   stock and restricted stock units (in millions)*

 

 

0.2

 

 

 

0.1

 

Weighted Average Diluted Common Shares (in millions)

 

 

57.9

 

 

 

53.6

 

Diluted Earnings Per Common Share

 

$

1.34

 

 

$

1.52

 

 

* Calculation excludes certain outstanding or potential common shares
   (shown in millions by period at the right) attributable to (1) forward
   sales of common stock, (2) stock units subject to performance or
   market conditions and (3) restricted stock, which could have a dilutive
   effect in the future

 

 

0.3

 

 

 

0.2