Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2021
Schedule of Dividends

The following table provides a summary of dividends declared and paid per share:

 

 

 

 

 

Years ended December 31,

 

 

 

 

2021

 

 

2020

 

 

2019

 

Common stock

 

 

$

0.264

 

 

$

0.528

 

 

$

1.320

 

7.25% Series B Preferred Stock

 

 

$

1.812

 

 

$

1.812

 

 

$

1.812

 

6.50% Series C Preferred Stock

 

 

$

1.625

 

 

$

1.625

 

 

$

1.625

 
Preferred Stock [Member]  
Summary of Preferred Stock

The Company is authorized to issue up to 12,500,000 shares of preferred stock. The following tables summarize details about the Company’s preferred stock:

 

 

 

Series B

 

 

Series C

 

 

 

 

 

 

 

 

 

 

 

Preferred Stock

 

 

Preferred Stock

 

 

 

 

 

 

 

 

 

Par value

 

$

0.01

 

 

$

0.01

 

 

 

 

 

 

 

 

 

Liquidation value

 

$

25.00

 

 

$

25.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

 

December 31, 2020

 

 

 

Series B

 

 

Series C

 

 

Series B

 

 

Series C

 

 

 

Preferred Stock

 

 

Preferred Stock

 

 

Preferred Stock

 

 

Preferred Stock

 

Shares authorized

 

 

1,450,000

 

 

 

6,450,000

 

 

 

1,450,000

 

 

 

6,450,000

 

Shares issued and outstanding

 

 

1,450,000

 

 

 

5,000,000

 

 

 

1,450,000

 

 

 

5,000,000

 

Balance

 

$

34,767,000

 

 

$

124,774,000

 

 

$

34,767,000

 

 

$

124,774,000