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Earnings Per Common Share (Tables)
12 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Earnings Per Share

 

 

 

2021

 

 

2020

 

 

2019

 

Basic Earnings Per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

271.7

 

 

$

88.6

 

 

$

184.6

 

Less:   Provision for preferred dividends

 

 

14.8

 

 

 

14.8

 

 

 

5.3

 

Income allocated to participating securities

 

 

0.4

 

 

 

0.1

 

 

 

0.4

 

Net Income Available to Common Shareholders

 

$

256.5

 

 

$

73.7

 

 

$

178.9

 

Weighted Average Common Shares Outstanding (in millions)

 

 

51.6

 

 

 

51.2

 

 

 

50.7

 

Basic Earnings Per Share of Common Stock

 

$

4.97

 

 

$

1.44

 

 

$

3.53

 

Diluted Earnings per Common Share:

 

 

 

 

 

 

 

 

 

 

 

 

Net Income

 

$

271.7

 

 

$

88.6

 

 

$

184.6

 

Less:   Provision for preferred dividends

 

 

14.8

 

 

 

14.8

 

 

 

5.3

 

Income allocated to participating securities

 

 

0.4

 

 

 

0.1

 

 

 

0.4

 

Net Income Available to Common Shareholders

 

$

256.5

 

 

$

73.7

 

 

$

178.9

 

Weighted Average Common Shares Outstanding (in millions)

 

 

51.6

 

 

 

51.2

 

 

 

50.7

 

Dilutive Effect of Restricted Stock and Restricted Stock Units (in millions)*

 

 

0.1

 

 

 

0.1

 

 

 

0.1

 

Weighted Average Diluted Common Shares (in millions)

 

 

51.7

 

 

 

51.3

 

 

 

50.8

 

Diluted Earnings Per Share of Common Stock

 

$

4.96

 

 

$

1.44

 

 

$

3.52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* Calculation excludes certain outstanding common shares (shown in millions by

    period at the right) attributable to stock units subject to performance or market

    conditions and restricted stock, which could have a dilutive effect in the future

 

 

0.1

 

 

 

0.1

 

 

 

0.1