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DIVIDENDS AND DISTRIBUTIONS
 12 Months Ended
Dec. 31, 2025
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, 2025, 2024 and 2023:

Date declaredRecord datePayment datePer share
amount		Total amount
October 28, 2025December 15, 2025December 30, 2025$0.48 $344 
July 29, 2025September 15, 2025September 30, 20250.48 342 
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 year ended December 31, 2025
$1.92 $1,351 
October 30, 2024December 13, 2024December 30, 2024$0.48 $320 
July 30, 2024September 13, 2024September 30, 20240.48 308 
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 year ended December 31, 2024
$1.92 $1,219 
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 

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, 2025, 2024 and 2023, was as follows:

For the Years Ended December 31,
202520242023
Shares issued4.2 3.8 2.5 
Average issue price per share$21.10 $21.09 $19.48 
Shares purchased by plan agent to satisfy dividends declared and payable during the period for stockholders — — (1)0.8 
Average purchase price per share$— $— $18.35