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DIVIDENDS AND DISTRIBUTIONS
 3 Months Ended
Mar. 31, 2025
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, 2025 and 2024:

Date declaredRecord datePayment datePer share
amount		Total amount
February 5, 2025March 14, 2025March 31, 2025$0.48 $328 
Total dividends declared and payable for the three months ended March 31, 2025
$0.48 $328 
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 

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, 2025 and 2024, was as follows:

For the Three Months Ended March 31,
20252024
Shares issued0.9 1.0 
Average issue price per share$22.16 $20.82