Dividends and Share Repurchases

3 Months Ended

Dec. 31, 2022

Stockholders' Equity Note [Abstract]

Dividends and Share Repurchases

Dividends and Share Repurchases

On December 2, 2022, the Company paid a regular dividend on common stock of $0.24 per share, which represented the 159th consecutive quarterly cash dividend. Dividends per share were $0.24 and $0.23 for the quarters ended December 31, 2022 and 2021, respectively.

For the three months ended December 31, 2022, the Company repurchased 44,845 shares at an average price of $38.53. As of December 31, 2022, there are 3,679,499 remaining shares authorized to be repurchased under the current Board approved share repurchase program.

The Company pays a cash dividend, if declared by the Board, of $12.1875 per share on its Series A Preferred Stock quarterly on January 15, April 15, July 15 and October 15. This dividend equals $0.30468750 per depositary share (each dividend, a "Series A Preferred Dividend"). The Company paid the Series A Preferred Dividend on January 15, 2023.