Dividends and Share Repurchases

6 Months Ended

Mar. 31, 2023

Stockholders' Equity Note [Abstract]

Dividends and Share Repurchases

Dividends and Share Repurchases

On March 10, 2023, the Company paid a regular dividend on common stock of $0.25 per share, which represented the 160th consecutive quarterly cash dividend. Dividends per share were $0.25 and $0.24 for the quarters ended March 31, 2023 and 2022, respectively.

For the three months ended March 31, 2023, the Company repurchased 3,239 shares (related to tax withholding on employee equity awards) at an average price of $33.48. As of March 31, 2023, there are 3,676,260 remaining shares authorized to be repurchased under the current Board approved share repurchase program.

The Company pays a cash dividend, if declared by the Board, of $12.1875 per share on its Series A Preferred Stock quarterly on January 15, April 15, July 15 and October 15. This dividend equals $0.30468750 per depositary share (each dividend, a "Series A Preferred Dividend"). The Company paid the Series A Preferred Dividend on April 15, 2023.