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EARNINGS PER COMMON SHARE AND DIVIDEND PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Schedule of weighted average shares outstanding used to calculate basic and diluted earnings per common share | Weighted average shares outstanding used to calculate basic and diluted earnings per share are as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2019 |  | 2018 |  |  | 2019 |  | 2018 |
(number of common shares in millions) |  |  |  |  |  |  |  |  |
Weighted average shares outstanding | 2,018 |  | 1,695 |  |  | 2,017 |  | 1,690 |
Effect of dilutive options | 3 |  | 3 |  |  | 3 |  | 3 |
Diluted weighted average shares outstanding | 2,021 |  | 1,698 |  |  | 2,020 |  | 1,693 |
Schedule of preferred stock characteristics by class | On August 1, 2019, our Board of Directors declared the following quarterly dividends. All dividends are payable on September 1, 2019, to shareholders of record on August 15, 2019.
| Dividend per share |
Common Shares |  | $0.73800 |
Preference Shares, Series A |  | $0.34375 |
Preference Shares, Series B |  | $0.21340 |
Preference Shares, Series C1 |  | $0.25647 |
Preference Shares, Series D |  | $0.27875 |
Preference Shares, Series F |  | $0.29306 |
Preference Shares, Series H |  | $0.27350 |
Preference Shares, Series J |  | US$0.30540 |
Preference Shares, Series L |  | US$0.30993 |
Preference Shares, Series N |  | $0.31788 |
Preference Shares, Series P2 |  | $0.27369 |
Preference Shares, Series R3 |  | $0.25456 |
Preference Shares, Series 1 |  | US$0.37182 |
Preference Shares, Series 3 |  | $0.25000 |
Preference Shares, Series 54 |  | US$0.33596 |
Preference Shares, Series 75 |  | $0.27806 |
Preference Shares, Series 9 |  | $0.27500 |
Preference Shares, Series 11 |  | $0.27500 |
Preference Shares, Series 13 |  | $0.27500 |
Preference Shares, Series 15 |  | $0.27500 |
Preference Shares, Series 17 |  | $0.32188 |
Preference Shares, Series 19 |  | $0.30625 |
1 The quarterly dividend per share paid on Series C was decreased to $0.25395 from $0.25459 on March 1, 2019 and was increased to $0.25647 from $0.25395 on June 1, 2019, due to reset on a quarterly basis following the date of issuance of the Series C Preference Shares. 2 The quarterly dividend per share paid on Series P was increased to $0.27369 from $0.25000 on March 1, 2019, due to reset of the annual dividend on March 1, 2019, and every five years thereafter.
3 | The quarterly dividend per share paid on Series R was increased to $0.25456 from $0.25000 on June 1, 2019, due to the reset of the annual dividend on June 1, 2019, and every five years thereafter.
4 | The quarterly dividend per share paid on Series 5 was increased to US$0.33596 from US$0.27500 on March 1, 2019, due to reset of the annual dividend on March 1, 2019, and every five years thereafter.
5 The quarterly dividend per share paid on Series 7 was increased to $0.27806 from $0.27500 on March 1, 2019, due to reset of the annual dividend on March 1, 2019, and every five years thereafter.

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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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