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Earnings Per Share and Stockholders' Equity | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share and Stockholders' Equity | 13. Earnings Per Share and Stockholders’ Equity Earnings Per Share Basic and diluted net income per share of common stock for the three months ended March 31, 2024 and March 31, 2023 was calculated as follows:
|  | Three Months Ended
|  | March 31,
|  | 2024 |  | 2023
Net Income for Per Share of Common Stock Calculations |  |  |  |  |  |  |  |
Net Income Attributable to Blackstone Inc., Basic and Diluted |  | $ | 847,386 |  |  | $ | 85,812 |
Share/Units Outstanding |  |  |  |  |  |  |  |
Weighted-Average Shares of Common Stock Outstanding, Basic |  |  | 759,798,537 |  |  |  | 746,064,922 |
Weighted-Average Shares of Unvested Deferred Restricted Common Stock |  |  | 459,107 |  |  |  | 579,007 |
Weighted-Average Shares of Common Stock Outstanding, Diluted |  |  | 760,257,644 |  |  |  | 746,643,929 |
Net Income Per Share of Common Stock |  |  |  |  |  |  |  |
Basic |  | $ | 1.12 |  |  | $ | 0.12 |
Diluted |  | $ | 1.11 |  |  | $ | 0.11 |
Dividends Declared Per Share of Common Stock (a) |  | $ | 0.94 |  |  | $ | 0.91 |
(a) | Dividends declared reflects the calendar date of the declaration for each distribution.
In computing the dilutive effect that the exchange of Blackstone Holdings Partnership Units would have on Net Income Per Share of Common Stock, Blackstone considered that net income available to holders of shares of common stock would increase due to the elimination of non-controlling interests in Blackstone Holdings, inclusive of any tax impact. The hypothetical conversion may be dilutive to the extent there is activity at the Blackstone Inc. level that has not previously been attributed to the non-controlling interests or if there is a change in tax rate as a result of a hypothetical conversion. The following table summarizes the anti-dilutive securities for the three months ended March 31, 2024 and 2023:
|  | Three Months Ended March 31,
|  | 2024 |  | 2023
Weighted-Average Blackstone Holdings Partnership Units |  |  | 457,917,611 |  |  |  | 462,949,870 |
Share Repurchase Program On December 7, 2021, Blackstone’s board of directors authorized the repurchase of up to $2.0 billion of common stock and Blackstone Holdings Partnership Units. Under the repurchase program, repurchases may be made from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual numbers repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. The repurchase program may be changed, suspended or discontinued at any time and does not have a specified expiration date. During the three months ended March 31, 2024, Blackstone repurchased 0.7 million shares of common stock at a total cost of $88.4 million. During the three months ended March 31, 2023, Blackstone repurchased 1.0 million shares of common stock at a total cost of $90.1 million. As of March 31, 2024, the amount remaining available for repurchases under the program was $668.4 million. Shares Eligible for Dividends and Distributions As of March 31, 2024, the total shares of common stock and Blackstone Holdings Partnership Units entitled to participate in dividends and distributions were as follows:
|  | Shares/Units
Common Stock Outstanding |  |  | 722,263,433 |
Unvested Participating Common Stock |  |  | 36,912,993 |
Total Participating Common Stock |  |  | 759,176,426 |
Participating Blackstone Holdings Partnership Units |  |  | 457,490,143 |
|  |  | 1,216,666,569 |

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