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DIVIDENDS AND DISTRIBUTIONS
9 Months Ended
Sep. 30, 2025
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, 2025 and 2024:

Date declaredRecord datePayment datePer share
amount
Total amount
July 29, 2025September 15, 2025September 30, 2025$0.48 $342 
April 29, 2025June 13, 2025June 30, 20250.48 337 
February 5, 2025March 14, 2025March 31, 20250.48 328 
Total dividends declared and payable for the nine months ended September 30, 2025
$1.44 $1,007 
July 30, 2024September 13, 2024September 30, 2024$0.48 $308 
May 1, 2024June 14, 2024June 28, 20240.48 300 
February 7, 2024March 15, 2024March 29, 20240.48 291 
Total dividends declared and payable for the nine months ended September 30, 2024
$1.44 $899 

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, 2025 and 2024, was as follows:

For the Nine Months Ended September 30,
20252024
Shares issued2.9 3.0 
Average issue price per share$21.45 $20.87