Stockholders' Equity

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

Cash Dividends. In each of the years ended December 31, 2023, 2022 and 2021, we paid dividends of $2.10 per share, $2.00 per share and $1.67 per share, respectively.

Stock Dividends. On January 25, 2021, the Company declared an 8% stock dividend that was distributed on March 17, 2021 to shareholders of record on March 3, 2021.

Common Stock Repurchase Program. At December 31, 2023, we were authorized to repurchase up to 4,000,000 shares of our common stock. We did not repurchase any shares of our common stock under this repurchase program during the years ended December 31, 2023, 2022 or 2021. We did not hold any treasury stock at December 31, 2023.