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CAPITAL STOCK (Tables)
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
Schedule of Stock by Class
The following table provides a summary of the Company’s common shares authorized, and issued and outstanding at September 30, 2021 and December 31, 2020.
Shares authorizedShares issued and outstanding
September 30, 2021December 31, 2020September 30, 2021December 31, 2020Par Value
Common stock
2,936,500,000 2,914,850,000 1,449,935,017 1,398,240,618 $0.01
The following is a summary of the Company’s cumulative redeemable preferred stock outstanding at September 30, 2021 and December 31, 2020. In the event of a liquidation or dissolution of the Company, the Company’s then outstanding preferred stock takes precedence over the Company’s common stock with respect to payment of dividends and the distribution of assets.
Shares AuthorizedShares Issued And OutstandingCarrying ValueContractual Rate
Earliest Redemption Date (1)
Date At Which Dividend Rate Becomes FloatingFloating Annual Rate
September 30, 2021December 31, 2020September 30, 2021December 31, 2020September 30, 2021December 31, 2020
Fixed-rate(dollars in thousands)
Series D— 18,400,000 — — — — 7.50%9/13/2017NANA
Fixed-to-floating rate
Series F28,800,000 28,800,000 28,800,000 28,800,000 696,910 696,910 6.95%9/30/20229/30/2022
3M LIBOR + 4.993%
Series G17,000,000 19,550,000 17,000,000 17,000,000 411,335 411,335 6.50%3/31/20233/31/2023
3M LIBOR + 4.172%
Series I17,700,000 18,400,000 17,700,000 17,700,000 428,324 428,324 6.75%6/30/20246/30/2024
3M LIBOR + 4.989%
Total63,500,000 85,150,000 63,500,000 63,500,000 $1,536,569 $1,536,569 
(1) Subject to the Company’s right under limited circumstances to redeem preferred stock earlier in order to preserve its qualification as a REIT or under limited circumstances related to a change in control of the Company.
Summary of Dividend Distribution Activity
The following table provides a summary of the Company’s dividend distribution activity for the periods presented:
 For the Three Months Ended
For the Nine Months Ended
 September 30, 2021September 30, 2020September 30, 2021September 30, 2020
 (dollars in thousands, except per share data)
Dividends and dividend equivalents declared on common stock and share-based awards$319,768 $309,175 $946,648 $976,966 
Distributions declared per common share$0.22 $0.22 $0.66 $0.69 
Distributions paid to common stockholders after period end$318,986 $308,644 $318,986 $308,644 
Distributions paid per common share after period end$0.22 $0.22 $0.22 $0.22 
Date of distributions paid to common stockholders after period endOctober 29, 2021October 30, 2020October 29, 2021October 30, 2020
Dividends declared to series D preferred stockholders$— $8,625 $— $25,875 
Dividends declared per share of series D preferred stock$— $0.469 $— $1.406 
Dividends declared to series F preferred stockholders$12,510 $12,510 $37,530 $37,530 
Dividends declared per share of series F preferred stock$0.434 $0.434 $1.303 $1.303 
Dividends declared to series G preferred stockholders$6,906 $6,906 $20,718 $20,718 
Dividends declared per share of series G preferred stock$0.406 $0.406 $1.219 $1.219 
Dividends declared to series I preferred stockholders$7,467 $7,468 $22,401 $22,404 
Dividends declared per share of series I preferred stock$0.422 $0.422 $1.266 $1.266