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DIVIDENDS AND DISTRIBUTIONS
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
DIVIDENDS AND DISTRIBUTIONS
12. DIVIDENDS AND DISTRIBUTIONS

The following table summarizes the Company’s dividends declared and payable during the years ended December 31, 2023, 2022 and 2021:

Date declaredRecord datePayment datePer share
amount		Total amount
October 24, 2023December 15, 2023December 28, 2023$0.48 $280 
July 25, 2023September 15, 2023September 29, 20230.48 271
April 25, 2023June 15, 2023June 30, 20230.48 266 
February 7, 2023March 15, 2023March 31, 20230.48 261 
Total dividends declared and payable for the year ended December 31, 2023
$1.92 $1,078 
October 25, 2022December 15, 2022December 29, 2022$0.48 $249 
February 9, 2022December 15, 2022December 29, 20220.03 (1)15 
July 26, 2022September 15, 2022September 30, 20220.43 219 
February 9, 2022September 15, 2022September 30, 20220.03 (1)15 
April 26, 2022June 15, 2022June 30, 20220.42 208 
February 9, 2022June 15, 2022June 30, 20220.03 (1)15 
February 9, 2022March 15, 2022March 31, 20220.42 205 
February 9, 2022March 15, 2022March 31, 20220.03 (1)15 
Total dividends declared and payable for the year ended December 31, 2022
$1.87 $941 
October 26, 2021December 15, 2021December 30, 2021$0.41 $191 
July 28, 2021September 15, 2021September 30, 20210.41 189 
April 28, 2021June 15, 2021June 30, 20210.40 177 
February 10, 2021March 15, 2021March 31, 20210.40 175 
Total dividends declared and payable for the year ended December 31, 2021
$1.62 $732 
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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 years ended December 31, 2023, 2022 and 2021, was as follows:

For the Years Ended December 31,
202320222021
Shares issued2.5 1.5 1.9 
Average issue price per share$19.48 $19.58 $19.86 
Shares purchased by plan agent to satisfy dividends declared and payable during the period for stockholders 0.8 (1)1.6 (2)— 
Average purchase price per share$18.35 $17.85 $— 
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(1)Shares were purchased in April 2023.

(2)Shares were purchased in July 2022 and October 2022.