Note 15 - Stockholders' Equity

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Stockholders' Equity Note Disclosure [Text Block]

15. Stockholders’ Equity

Preferred Stock -

The Company’s outstanding Preferred Stock is detailed below:

As of June 30, 2019 and December 31, 2018
Class of Preferred Stock	Shares Authorized		Shares Issued and Outstanding		Liquidation Preference (in thousands)		Dividend Rate			Annual Dividend per Depositary Share		Par Value		Optional Redemption Date
Class I		18,400		7,000	$	175,000		6.000	%	$	1.50000	$	1.00	3/20/2017
Class J		9,000		9,000		225,000		5.500	%	$	1.37500	$	1.00	7/25/2017
Class K		8,050		7,000		175,000		5.625	%	$	1.40625	$	1.00	12/7/2017
Class L		10,350		9,000		225,000		5.125	%	$	1.28125	$	1.00	8/16/2022
Class M		10,580		10,580		264,500		5.250	%	$	1.31250	$	1.00	12/20/2022
				42,580	$	1,064,500

Common Stock -

During February 2018, the Company’s Board of Directors authorized a share repurchase program, which is effective for a term of two years, pursuant to which the Company may repurchase shares of its common stock, par value $0.01 per share, with an aggregate gross purchase price of up to $300.0 million. The Company did not repurchase any shares under the share repurchase program during the six months ended June 30, 2019. As of June 30, 2019, the Company had $224.9 million available under this common share repurchase program.

Dividends Declared -

The following table provides a summary of the dividends declared per share:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Common Shares	$	0.28000	$	0.28000	$	0.56000	$	0.56000
Class I Depositary Shares	$	0.37500	$	0.37500	$	0.75000	$	0.75000
Class J Depositary Shares Clasitary Shares	$	0.34375	$	0.34375	$	0.68750	$	0.68750
Class K Depositary Shares	$	0.35156	$	0.35156	$	0.70312	$	0.70312
Class L Depositary Shares	$	0.32031	$	0.32031	$	0.64062	$	0.64062
Class M Depositary Shares	$	0.32813	$	0.32813	$	0.65626	$	0.65626