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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2025
Shareholders' Equity |
Shareholders' Equity | ​ ​ Note 20 - Shareholders’ Equity
(a) | Share Capital
The Company’s authorized capital stock includes an unlimited number of common shares (192,701,088 common shares issued and outstanding as at June 30, 2025) having no par value and preferred shares issuable in series (issued - nil). Changes in share capital for the periods ended June 30, 2025 and December 31, 2024 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Number | ​ | ​ | ​ | ​
​ |  |  | of shares |  |  | Amount |
Balance at January 1, 2024 | ​ |  | 192,175,042 | ​ | $ | 5,728.2 | ​
Exercise of stock options | ​ | ​ | 71,864 | ​ | ​ | 3.6 | ​
Vesting of restricted share units | ​ | ​ | 18,340 | ​ | ​ | 2.7 | ​
Dividend reinvestment plan | ​ | ​ | 287,449 | ​ | ​ | 34.6 | ​
Balance at December 31, 2024 | ​ | ​ | 192,552,695 | ​ | $ | 5,769.1 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at January 1, 2025 | ​ | ​ | 192,552,695 | ​ | $ | 5,769.1 | ​
Exercise of stock options | ​ | ​ | 59,249 | ​ | ​ | 5.5 | ​
Vesting of restricted share units | ​ | ​ | 32,073 | ​ | ​ | 5.5 | ​
Dividend reinvestment plan | ​ | ​ | 57,071 | ​ | ​ | 9.1 | ​
Balance at June 30, 2025 | ​ | ​ | 192,701,088 | ​ | $ | 5,789.2 | ​
​
(b) | Dividends
For the three months ended June 30, 2025, the Company declared dividends of $0.38 per common share (Q2 2024 – $0.36). For the six months ended June 30, 2025, the Company declared dividends of $0.76 per common share (H1 2024 – $0.72). Dividends paid in cash and through the Company’s Dividend Reinvestment Plan (“DRIP”) were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | ​ | For the six months ended |
​ | ​ | June 30, | ​ | ​ | June 30, |
​ |  | 2025 |  | 2024 |  |  | 2025 |  |  | 2024 |
Cash dividends | ​ | $ | 67.0 | ​ | $ | 60.3 | ​ | ​ | $ | 137.2 | ​ | ​ | $ | 119.2 | ​
DRIP dividends | ​ |  | 5.9 | ​ |  | 9.3 | ​ | ​ |  | 9.1 | ​ | ​ |  | 19.8 | ​
​ | ​ | $ | 72.9 | ​ | $ | 69.6 | ​ | ​ | $ | 146.3 | ​ | ​ | $ | 139.0 | ​
​

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