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Average Shares Outstanding
3 Months Ended
Mar. 31, 2024
Average Shares Outstanding  
Average Shares Outstanding

Note 2 — Average Shares Outstanding

The average number of shares outstanding for first quarter 2024 reflects a 3% stock dividend of 2,075 shares distributed on April 5, 2024. The average number of shares outstanding for first quarter 2023 reflects aggregate stock purchases of 37 shares for $1,604, excluding excise taxes, and a 3% stock dividend of 2,040 shares distributed on April 7, 2023. There were no aggregate stock purchases during first quarter 2024.