DIVIDENDS AND DISTRIBUTIONS

6 Months Ended

Jun. 30, 2023

11. DIVIDENDS AND DISTRIBUTIONS

The following table summarizes the Company’s dividends declared and payable during the six months ended June 30, 2023 and 2022:


Date declared	Record date	Payment date	Per share amount			Total amount

April 25, 2023	June 15, 2023	June 30, 2023	$	0.48		$	266
February 7, 2023	March 15, 2023	March 31, 2023	0.48			261
Total dividends declared and payable for the six months ended June 30, 2023			$	0.96		$	527





April 26, 2022	June 15, 2022	June 30, 2022	$	0.42		$	208
February 9, 2022	June 15, 2022	June 30, 2022	0.03		(1)	15
February 9, 2022	March 15, 2022	March 31, 2022	0.42			205
February 9, 2022	March 15, 2022	March 31, 2022	0.03		(1)	15
Total dividends declared and payable for the six months ended June 30, 2022			$	0.90		$	443

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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 six months ended June 30, 2023 and 2022, was as follows:


	For the Six Months Ended June 30,
	2023		2022
Shares issued	0.7		0.6
Average issue price per share	$	18.79	$	20.95
Shares purchased by plan agent to satisfy dividends declared and payable during the period for stockholders	0.8		0.7
Average purchase price per share	$	18.35	$	18.60