Quarterly report [Sections 13 or 15(d)]

Organization (Tables)

v3.25.1
Organization (Tables)
3 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Cash Dividend Payable

The Board declared the following quarterly cash dividend during the three months ended March 31, 2025:

 


Quarter

 

Dividend/Share
Amount

 

 

Record Date

 

Payment Date

1st

 

$

0.29

 

 

March 14, 2025

 

March 28, 2025

 

On December 5, 2024, the Board declared a dividend in the amount of $4.20 per share. The dividend was paid in the aggregate combination of 20% in cash and 80% in newly issued shares of our common stock on January 24, 2025 to shareholders of record as of December 16, 2024. The portion of the dividend paid using our common stock increased the number of issued and outstanding shares of our common stock from 2,581,021 shares to 2,969,814 shares as of January 24, 2025.