Dividends

3 Months Ended

Mar. 31, 2021

Dividends [Abstract]

Dividends

Dividends — Following is a summary of our common and preferred share dividends that were declared and/or paid during the three months ended March 31, 2021 and 2020:

(millions, except per share amounts)		Amount
Declared	Payable	Per Share		Accrued1
Common - Quarterly Dividends:
March 2021	April 2021	$	0.10	$	58.5
December 2020	January 2021	0.10		58.6
February 2020	April 2020	0.10		58.5
December 2019	January 2020	0.10		58.5
Common - Annual Variable Dividends:
December 2020	January 2021	4.50		2,635.9
December 2019	January 2020	2.25		1,316.9
Preferred Dividends:
December 2020	March 2021	26.875		13.4
February 2020	March 2020	26.875		13.4

1 The accrual is based on an estimate of shares outstanding as of the record date. The dividends accrued at March 31, 2020, were reclassified from accounts payable, accrued expenses, and other liabilities into dividends payable on common shares on the consolidated balance sheets, to conform to the current year presentation.

See Note 14 – Dividends in our 2020 Annual Report to Shareholders for a discussion of our common and preferred share dividend policies.