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DIVIDENDS AND DISTRIBUTIONS
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
DIVIDENDS AND DISTRIBUTIONS
11. DIVIDENDS AND DISTRIBUTIONS

The following table summarizes the Company’s dividends declared and payable during the nine months ended September 30, 2022 and 2021:

Date declaredRecord datePayment datePer share
amount		Total amount
July 26, 2022September 15, 2022September 30, 2022$0.43 $219 
February 9, 2022September 15, 2022September 30, 20220.03 (1)15 
April 26, 2022June 15, 2022June 30, 20220.42 208 
February 9, 2022June 15, 2022June 30, 20220.03 (1)15 
February 9, 2022March 15, 2022March 31, 20220.42 205 
February 9, 2022March 15, 2022March 31, 20220.03 (1)15 
Total dividends declared and payable for the nine months ended September 30, 2022
$1.36 $677 
July 28, 2021September 15, 2021September 30, 2021$0.41 $189 
April 28, 2021June 15, 2021June 30, 20210.40 177 
February 10, 2021March 15, 2021March 31, 20210.40 175 
Total dividends declared and payable for the nine months ended September 30, 2021
$1.21 $541 
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(1)Represents an additional dividend.

The Company has a dividend reinvestment plan, whereby the Company may buy shares of its common stock in the open market or issue new shares in order to satisfy dividend reinvestment requests. When the Company issues new shares in connection with the dividend reinvestment plan, the issue price is equal to the closing price of its common stock on the dividend payment date. Dividend reinvestment plan activity for the nine months ended September 30, 2022 and 2021, was as follows:
For the Nine Months Ended September 30,
20222021
Shares issued0.6 1.5 
Average issue price per share$20.95 $19.52 
Shares purchased by plan agent to satisfy dividends declared and payable during the period for stockholders 1.6 — 
Average purchase price per share$17.85 $—