Equity Transactions

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Equity Transactions

Equity Transactions

Dividends Declared

On August 16, 2023, the Company declared a quarterly cash dividend of $1.90 per common share to be paid on November 15, 2023 to stockholders of record at the close of business on October 31, 2023.

Common Stock Repurchases

During the three and nine months ended September 30, 2023, the Company repurchased 74,015 and 125,855 common shares, respectively, at a weighted average price of $202.63 and $198.61 per share, respectively, for a total cost, including fees and expenses, of $15.0 million and $25.0 million, respectively, under its share repurchase program. As of September 30, 2023, 702,497 shares remained available for repurchase. Under the terms of the program, the Company may repurchase shares of its

common stock from time to time at its discretion through open market repurchases, privately negotiated transactions and/or other mechanisms, depending on price and prevailing market and business conditions. The program, which has no specified term, may be suspended or terminated at any time.