Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2021

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 June 30, 2021		Earliest Redemption Date	Date at Which Dividend Rate Resets or Becomes Floating	Reset / Floating Rate	Margin Over Reset / Floating Rate
	Shares Issued and Outstanding (in thousands) at				Carrying Value at
	June 30, 2021 (1)	December 31, 2020 (1)			June 30, 2021		December 31, 2020		Issue Date
Fixed-rate:
Series C (2)	—	600	$	1,000	$	—	$	585	08/03/15	—		—	N/A	N/A	N/A
Series D	750	750	1,000		728		728		03/07/16	5.950	%	06/01/21	N/A	N/A	N/A
Series J	600	—	1,000		584		—		03/30/21	4.450	%	06/01/26	N/A	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	3M LIBOR	4.820	%
Series E	6	6	100,000		591		591		10/31/16	4.625	%	03/01/22	03/01/22	3M LIBOR	3.315	%
Series F	5	5	100,000		492		492		10/31/17	5.000	%	12/01/27	12/01/27	3M LIBOR	2.575	%
Series G	25	25	100,000		2,470		2,470		04/30/20	5.375	%	06/01/25	06/01/25	5-Year Treasury	4.971	%
Series H	25	25	100,000		2,470		2,470		12/11/20	4.000	%	12/01/30	12/01/30	10-Year Treasury	3.079	%
Series I (3)	23	—	100,000		2,222		—		03/18/21	4.000	%	06/01/26	06/01/26	5-Year Treasury	3.168	%
Total preferred   stock	1,834	1,811			$	9,954	$	7,733

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

(2) Series C Preferred Stock was redeemed on June 1, 2021.

(3) The Series I dividend rate resets on each five-year anniversary beginning on June 1, 2026 based on a five-year treasury rate, representing the average of the yields on actively traded U.S. treasury securities adjusted to constant maturity for five-year maturities. Series I is only redeemable on dividend payment dates on or after the first reset date.

N/A Not applicable.

Dividends Declared

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

	Three Months Ended June 30,								Six Months Ended June 30,
	2021				2020				2021				2020
	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	$	14.0	$	35.00	$	14.0	$	35.00
Series C (1)	9.0		15.00		9.0		15.00		18.0		30.00		18.0		30.00
Series D	11.1		14.88		11.1		14.88		22.3		29.76		22.3		29.76
Series E	—		—		—		—		13.9		2,312.50		13.9		2,312.50
Series F	12.5		2,500.00		12.5		2,500.00		12.5		2,500.00		12.5		2,500.00
Series G (2)	33.6		1,343.75		—		—		67.2		2,687.50		—		—
Series H (3)	25.0		1,000.00		—		—		47.2		1,888.89		—		—
Series I (4)	18.2		811.11		—		—		18.2		811.11		—		—
Series J (5)	4.5		7.54		—		—		4.5		7.54		—		—
Total	$	127.9			$	46.6			$	217.8			$	80.7

(1) Series C Preferred Stock was redeemed on June 1, 2021. Prior to redemption, dividends were paid quarterly and the final dividend was paid on June 1, 2021.

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

(3) Series H Preferred Stock was issued on December 11, 2020. Dividends are paid quarterly, and the first dividend was paid on March 1, 2021.

(4) Series I Preferred Stock was issued on March 18, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021.

(5) Series J Preferred Stock was issued on March 30, 2021. Dividends are paid quarterly, and the first dividend was paid on June 1, 2021.