EARNINGS PER COMMON SHARE AND DIVIDEND PER SHARE (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of weighted average shares outstanding used to calculate basic and diluted earnings per common share

Weighted average shares outstanding used to calculate basic and diluted earnings per share are as follows:



	Three months ended June 30,		Six months ended June 30,
	2019	2018	2019	2018
(number of common shares in millions)
Weighted average shares outstanding	2,018	1,695	2,017	1,690
Effect of dilutive options	3	3	3	3
Diluted weighted average shares outstanding	2,021	1,698	2,020	1,693

Schedule of preferred stock characteristics by class

On August 1, 2019, our Board of Directors declared the following quarterly dividends. All dividends are payable on September 1, 2019, to shareholders of record on August 15, 2019.



	Dividend per share
Common Shares		$0.73800
Preference Shares, Series A		$0.34375
Preference Shares, Series B		$0.21340
Preference Shares, Series C¹		$0.25647
Preference Shares, Series D		$0.27875
Preference Shares, Series F		$0.29306
Preference Shares, Series H		$0.27350
Preference Shares, Series J		US$0.30540
Preference Shares, Series L		US$0.30993
Preference Shares, Series N		$0.31788
Preference Shares, Series P²		$0.27369
Preference Shares, Series R³		$0.25456
Preference Shares, Series 1		US$0.37182
Preference Shares, Series 3		$0.25000
Preference Shares, Series 5⁴		US$0.33596
Preference Shares, Series 7⁵		$0.27806
Preference Shares, Series 9		$0.27500
Preference Shares, Series 11		$0.27500
Preference Shares, Series 13		$0.27500
Preference Shares, Series 15		$0.27500
Preference Shares, Series 17		$0.32188
Preference Shares, Series 19		$0.30625

1 The quarterly dividend per share paid on Series C was decreased to $0.25395 from $0.25459 on March 1, 2019 and was increased to $0.25647 from $0.25395 on June 1, 2019, due to reset on a quarterly basis following the date of issuance of the Series C Preference Shares.

2 The quarterly dividend per share paid on Series P was increased to $0.27369 from $0.25000 on March 1, 2019, due to reset of the annual dividend on March 1, 2019, and every five years thereafter.


3	The quarterly dividend per share paid on Series R was increased to $0.25456 from $0.25000 on June 1, 2019, due to the reset of the annual dividend on June 1, 2019, and every five years thereafter.


4	The quarterly dividend per share paid on Series 5 was increased to US$0.33596 from US$0.27500 on March 1, 2019, due to reset of the annual dividend on March 1, 2019, and every five years thereafter.

The quarterly dividend per share paid on Series 7 was increased to $0.27806 from $0.27500 on March 1, 2019, due to reset of the annual dividend on March 1, 2019, and every five years thereafter.