SHAREHOLDERS’ EQUITY

12 Months Ended

Dec. 31, 2025

Equity [Abstract]

SHAREHOLDERS’ EQUITY

SHAREHOLDERS’ EQUITY

Dividend Policy

The following table is a schedule of dividends paid during 2025:

Dividend Payment Date	Amount per common share		Record Date
March 28, 2025	$	0.0625	February 28, 2025
June 27, 2025	$	0.0625	May 23, 2025
September 19, 2025	$	0.0625	August 22, 2025
December 24, 2025	$	0.0625	November 21, 2025
Aggregate per share amount paid in 2025	$	0.2500

Preferred stock – Authorized preferred stock consists of 500,000 shares with a par value of $25 per share. No shares of preferred stock were issued and outstanding as of December 31, 2025 or 2024.

Treasury stock

Please see discussion on the Company’s share buyback program under Note 11. Commitments and Contingencies.