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Dividends (Tables)
9 Months Ended
Sep. 30, 2024
Dividends [Abstract]  
Dividends
Following is a summary of our common and preferred share dividends that were declared and/or paid during the nine months ended September 30, 2024 and 2023:
(millions — except per share amounts)Amount
DeclaredPayablePer Share
Accrued/Paid1
Common – Annual-Variable Dividends:
December 2023January 2024$0.75 $439.3 
Common – Quarterly Dividends:
August 2024October 20240.10 58.6 
May 2024July 20240.10 58.6 
March 2024April 20240.10 58.6 
December 2023January 20240.10 58.6 
August 2023October 20230.10 58.5 
May 2023July 20230.10 58.5 
March 2023April 20230.10 58.5 
December 2022January 20230.10 58.5 
Preferred Dividends:
January 20242
February 202415.688377 7.8 
August 2023September 202320.67700 10.3 
May 2023June 202318.92463 9.5 
December 2022March 202326.875 13.4 
1 The accrual is based on an estimate of shares outstanding as of the record date and recorded as a component of accounts payable, accrued expenses, and other liabilities on our consolidated balance sheets until paid.
2 During the first quarter 2024, we redeemed all of the outstanding Serial Preferred Shares, Series B, at the stated amount of $1,000 per share, for an aggregate payout of $507.8 million, including accrued and unpaid dividends of $7.8 million to, but excluding, February 22, 2024, which was the redemption date.