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Dividends
3 Months Ended
Mar. 31, 2024
Dividends [Abstract]  
Dividends

11. Dividends

The following table summarizes dividends declared during the three months ended March 31, 2024 and 2023:

 

 

 

Three Months Ended

 

 

 

March 31, 2024

 

Date Declared

 

Record Date

 

Payment Date

 

Dividend per Share

 

March 29, 2024

 

March 31, 2024

 

May 6, 2024

 

$

0.67

 

Total Dividends Declared

 

 

 

 

 

$

0.67

 

 

 

 

Three Months Ended

 

 

 

March 31, 2023

 

Date Declared

 

Record Date

 

Payment Date

 

Dividend per Share

 

March 31, 2023

 

March 31, 2023

 

May 9, 2023

 

$

0.40

 

Total Dividends Declared

 

 

 

 

 

$

0.40

 

 

The dividends declared during the three months ended March 31, 2024 and 2023 were derived from net investment income, determined on a tax basis.

With respect to distributions, the Company has adopted an “opt out” dividend reinvestment plan for shareholders. As a result, in the event of a declared cash distribution or other distribution, each shareholder that has not “opted out” of the dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional Common Shares rather than receiving cash distributions. Shareholders who receive distributions in the form of Common Shares will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.