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Shareholders' Equity
6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Shareholders' Equity Shareholders' Equity
Preferred Stock
The Company is authorized to issue up to 12,500,000 shares of preferred stock, in the aggregate. The following tables summarize details about the Company's preferred stock:
Series B
Preferred Stock
Series C
Preferred Stock
Par value$0.01 $0.01 
Liquidation value$25.00 $25.00 
June 30, 2024December 31, 2023
Series B
Preferred Stock
Series C
Preferred Stock
Series B
Preferred Stock
Series C
Preferred Stock
Shares authorized6,050,0006,450,0006,050,0006,450,000
Shares issued and outstanding1,450,0005,000,0001,450,0005,000,000
Balance$34,767,000 $124,774,000 $34,767,000 $124,774,000 
Dividends
The following table provides a summary of dividends declared and paid per share:
Three months ended June 30,Six months ended June 30,
2024202320242023
7.25% Series B Preferred Stock
$0.453125 $0.453125 $0.906250 $0.906250 
6.50% Series C Preferred Stock
$0.406250 $0.406250 $0.812500 $0.812500