Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2020

Equity [Abstract]

Preferred Stock Issued and Outstanding

The Company’s preferred stock issued and outstanding is as follows:

			Liquidation Preference Per Share							Dividend Rate in Effect at September 30, 2020		Earliest Redemption Date	Date at Which Dividend Rate Becomes Floating or Resets	Floating Annual Rate of Three-Month LIBOR/ Term Five-Year Treasury plus (2):
	Shares Issued and Outstanding (in thousands) at				Carrying Value at
	September 30, 2020 (1)	December 31, 2019 (1)			September 30, 2020		December 31, 2019		Issue Date
Fixed-rate:
Series C	600	600	$	1,000	$	585	$	585	08/03/15	6.000	%	12/01/20	N/A	N/A
Series D	750	750	1,000		728		728		03/07/16	5.950	%	06/01/21	N/A	N/A
Fixed-to-floating-rate/Fixed-rate reset:
Series A	400	400	1,000		397		397		01/26/12	7.000	%	02/01/22	02/01/22	4.820	%
Series E	6	6	100,000		591		591		10/31/16	4.625	%	03/01/22	03/01/22	3.315	%
Series F	5	5	100,000		492		492		10/31/17	5.000	%	12/01/27	12/01/27	2.575	%
Series G	25	—	100,000		2,470		—		04/30/20	5.375	%	06/01/25	06/01/25	4.971	%
Total preferred stock	1,786	1,761			$	5,263	$	2,793

(1) Represented by depositary shares, except for Series A.

(2) The Series G dividend rate resets on each five-year anniversary beginning on June 1, 2025 based on the five-year Treasury rate; Series G is only redeemable on reset dates. The dividend rates for all other series of preferred stock will float based on LIBOR.

N/A Not applicable.

Dividends Declared

Dividends declared on the Company’s preferred stock are as follows:

	Three Months Ended September 30,								Nine Months Ended September 30,
	2020				2019				2020				2019
	Total Declared		Per Share Amount		Total Declared		Per Share Amount		Total Declared		Per Share Amount		Total Declared		Per Share Amount
Series A	$	—	$	—	$	—	$	—	$	14.0	$	35.00	$	14.0	$	35.00
Series C	9.0		15.00		9.0		15.00		27.0		45.00		27.0		45.00
Series D	11.2		14.88		11.2		14.88		33.5		44.64		33.5		44.64
Series E	13.8		2,312.50		13.8		2,312.50		27.7		4,625.00		27.7		4,625.00
Series F	—		—		—		—		12.5		2,500.00		12.5		2,500.00
Series G (1)	45.2		1,806.60		—		—		45.2		1,806.60		—		—
Total	$	79.2			$	34.0			$	159.9			$	114.7

(1) Series G preferred stock was issued on April 30, 2020. Dividends are paid quarterly, and the first dividend was paid on September 1, 2020.