v3.26.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Preferred Stock Issued and Outstanding
The Company’s preferred stock issued and outstanding is as follows:
Liquidation Preference Per ShareDividend Rate in Effect at March 31, 2026Earliest Redemption DateDate at Which Dividend Rate Resets or Becomes Floating
Reset / Floating Rate
Margin Over Reset / Floating Rate
Shares Issued and Outstanding (in ones) atCarrying Value at
March 31, 2026 (1)
December 31, 2025 (1)
March 31, 2026December 31, 2025Issue Date
Fixed-rate:
Series D750,000 750,000 $1,000 $728 $728 03/07/165.95%06/01/21N/AN/AN/A
Series J600,000 600,000 1,000 584 584 03/30/214.450%06/01/26N/AN/AN/A
Fixed-to-floating rate/Fixed-rate reset:
Series F4,884 4,884 100,000 481 481 10/31/175.000%12/01/2712/01/27
3M LIBOR (4)
2.575%
Series H (2)
22,267 22,267 100,000 2,200 2,200 12/11/204.000%12/01/3012/01/30
10-Year Treasury
3.079%
Series I (3)
20,554 20,554 100,000 2,030 2,030 03/18/214.000%06/01/2606/01/26
5-Year Treasury
3.168%
Series K (3)
7,500 7,500 100,000 740 740 03/04/225.000%06/01/2706/01/27
5-Year Treasury
3.256%
Total preferred
   stock
1,405,205 1,405,205 $6,763 $6,763  
(1) Represented by depositary shares.
(2) The dividend rate for Series H resets on each ten-year anniversary from the first reset date.
(3) The dividend rate for Series I and Series K resets on each five-year anniversary from the first reset date.
(4) The reset/floating rate for Series F will be determined by the calculation agent prior to the commencement of the floating rate period using what the calculation agent determines to be the industry-accepted substitute or successor base rate to LIBOR.
N/A Not applicable.
Dividends Declared
Dividends declared on the Company’s preferred stock are as follows:
Three Months Ended March 31,
20262025
Total
Declared
Per Share
Amount
Total
Declared
Per Share
Amount
Series D (1)
$11.2 $14.88 $11.2 $14.88 
Series F (2)
— — — — 
Series G (3)
— — 33.0 1,343.75 
Series H (1)
22.3 1,000.00 22.3 1,000.00 
Series I (1)
20.6 1,000.00 20.6 1,000.00 
Series J (1)
6.7 11.13 6.7 11.13 
Series K (1)
9.3 1,250.00 9.3 1,250.00 
Total$70.1 $103.1 
(1) Dividends paid quarterly.
(2) Dividends paid semi-annually until December 1, 2027 and quarterly thereafter.
(3) Series G was redeemed on June 2, 2025. Prior to redemption, dividends were paid quarterly. The final dividend was paid on June 2, 2025.