Equity |
3 Months Ended | ||||||||||||
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Mar. 31, 2026 | |||||||||||||
| Equity [Abstract] | |||||||||||||
| Equity |
Dividends During the Current Quarter and Prior Quarter we made dividend payments of $138 million ($0.575 per share) and $138 million ($0.575 per share), respectively. On April 28, 2026, we declared a base quarterly dividend payable of $0.575 per share, which will be paid on June 4, 2026 to stockholders of record at the close of business on May 14, 2026. Share Repurchases On October 22, 2024, our Board of Directors authorized repurchases of up to $1.0 billion, in aggregate, of the Company’s common stock and/or warrants under a share repurchase program. During the Current Quarter, we repurchased 0.6 million shares for an aggregate price of $66 million. We did not make any share repurchases during the Prior Quarter. The shares of common stock repurchased during the Current Quarter were retired and recorded as a reduction to common stock and retained earnings. Subsequent to the Current Quarter, we have repurchased approximately 0.9 million shares for an aggregate price of $84 million through April 24, 2026. Warrants As of December 31, 2025, there were 15,705 Class A Warrants, 48,801 Class B Warrants and 1,244,008 Class C Warrants outstanding. On February 9, 2026, all of the outstanding Warrants that had not been previously exercised expired. As a result of these Warrant exercises, we issued 1,122,179 common shares and no longer have any outstanding Warrants.
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