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Dividends | 6 Months Ended
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Jun. 30, 2024
Dividends [Abstract] |
Dividends | DIVIDENDS Following is a summary of our common and preferred share dividends that were declared and/or paid during the six months ended June 30, 2024 and 2023:
(millions, except per share amounts) | Amount
Declared | Payable | Per Share | Accrued/Paid 1 |
Common – Annual-Variable Dividends: |  |  |  |
December 2023 | January 2024 | $ | 0.75 |  | $ | 439.3 |  |
Common – Quarterly Dividends: |  |  |  |
May 2024 | July 2024 | 0.10 |  | 58.6 |  |
March 2024 | April 2024 | 0.10 |  | 58.6 |  |
December 2023 | January 2024 | 0.10 |  | 58.6 |  |
May 2023 | July 2023 | 0.10 |  | 58.5 |  |
March 2023 | April 2023 | 0.10 |  | 58.5 |  |
December 2022 | January 2023 | 0.10 |  | 58.5 |  |
Preferred Dividends: |  |  |  |
January 2024 2 | February 2024 | 15.688377 |  | 7.8 |  |
May 2023 | June 2023 | 18.92463 |  | 9.5 |  |
December 2022 | March 2023 | 26.875 |  | 13.4 |  |
1 The accrual is based on an estimate of shares outstanding as of the record date and recorded as a component of accounts payable, accrued expenses, and other liabilities on our consolidated balance sheets until paid. 2 During the first quarter 2024, we redeemed all of the outstanding Serial Preferred Shares, Series B, at the stated amount of $1,000 per share, for an aggregate payout of $507.8 million, including accrued and unpaid dividends of $7.8 million to, but excluding, February 22, 2024, which was the redemption date. See Note 14 – Dividends in our 2023 Annual Report to Shareholders for a discussion of the dividend policies related to our common shares and our preferred shares, prior to redemption.

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