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DIVIDENDS AND DISTRIBUTIONS
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
DIVIDENDS AND DISTRIBUTIONS
11. DIVIDENDS AND DISTRIBUTIONS

The following table summarizes the Company’s dividends declared and payable during the three months ended March 31, 2024 and 2023:

Date declaredRecord datePayment datePer share
amount		Total amount
February 7, 2024March 15, 2024March 29, 2024$0.48 $291 
Total dividends declared and payable for the three months ended March 31, 2024
$0.48 $291 
February 7, 2023March 15, 2023March 31, 2023$0.48 $261 
Total dividends declared and payable for the three months ended March 31, 2023
$0.48 $261 

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 three months ended March 31, 2024 and 2023, was as follows:

For the Three Months Ended March 31,
20242023
Shares issued1.0 — 
Average issue price per share$20.82 $— 
Shares purchased by plan agent to satisfy dividends declared and payable during the period for stockholders — 0.8 (1)
Average purchase price per share$— $18.35 
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(1)Shares were purchased in April 2023.