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Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Declaration of Common Dividend and Share Repurchase Authorization
On July 12, 2021, our Board declared a quarterly cash dividend of $0.25 per share on all common stock. The dividend is payable on August 16, 2021, to stockholders of record at the close of business on August 2, 2021. At the same time, our Board authorized a stock-repurchase program, permitting us to repurchase up to $2.0 billion of common stock for 2021. This stock-repurchase program replaces the $1.6 billion program previously authorized on January 11, 2021.
Partial Redemption of Trust Preferred Securities
On July 2, 2021, we effectuated the redemption of $1.04 billion, or 41,600,000 shares of the Series 2 TRUPS then outstanding, following the issuance of $1.0 billion of preferred stock, Series C, on June 2, 2021. Refer to Note 12 for further information regarding this partial redemption of our Trust Preferred Securities.