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Note 4 - Earnings Per Common Share
12 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

4. EARNINGS PER COMMON SHARE

 

   

2023

  

2022

  

2021

 

Basic Earnings Per Common Share:

            

Net Income

 $217.5  $220.8  $271.7 

Less:

Provision for preferred dividends

  14.8   14.8   14.8 
 

Income allocated to participating securities

  0.3   0.3   0.4 

Net Income Available to Common Shareholders

 $202.4  $205.7  $256.5 

Weighted Average Common Shares Outstanding (in millions)

  52.5   52.0   51.6 

Basic Earnings Per Share of Common Stock

 $3.86  $3.96  $4.97 

Diluted Earnings per Common Share:

            

Net Income

 $217.5  $220.8  $271.7 

Less:

Provision for preferred dividends

  14.8   14.8   14.8 
 

Income allocated to participating securities

  0.3   0.3   0.4 

Net Income Available to Common Shareholders

 $202.4  $205.7  $256.5 

Weighted Average Common Shares Outstanding (in millions)

  52.5   52.0   51.6 

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

  0.1   0.1   0.1 

Weighted Average Diluted Common Shares (in millions)

  52.6   52.1   51.7 

Diluted Earnings Per Share of Common Stock

 $3.85  $3.95  $4.96 
              

* Calculation excludes certain outstanding common shares (shown in millions by period at the right) attributable to common stock forward contracts, stock units subject to performance or market conditions, and restricted stock, which could have a dilutive effect in the future

  1.9   0.1   0.1