EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

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 March 31,
		2023	2022
(number of shares in millions)
Weighted average shares outstanding		2,025	2,026
Effect of dilutive options and RSUs		3	3
Diluted weighted average shares outstanding		2,028	2,029

Schedule of Preferred Stock Characteristics by Class

On May 2, 2023, our Board of Directors declared the following quarterly dividends. All dividends are payable on June 1, 2023 to shareholders of record on May 15, 2023.


			Dividend per share
Common Shares1			$0.88750
Preference Shares, Series A			$0.34375
Preference Shares, Series B			$0.32513
Preference Shares, Series D2			$0.33825
Preference Shares, Series F			$0.29306
Preference Shares, Series H			$0.27350
Preference Shares, Series L			US$0.36612
Preference Shares, Series N			$0.31788
Preference Shares, Series P			$0.27369
Preference Shares, Series R			$0.25456
Preference Shares, Series 1			US$0.37182
Preference Shares, Series 3			$0.23356
Preference Shares, Series 5			US$0.33596
Preference Shares, Series 7			$0.27806
Preference Shares, Series 9			$0.25606
Preference Shares, Series 11			$0.24613
Preference Shares, Series 13			$0.19019
Preference Shares, Series 15			$0.18644
Preference Shares, Series 193			$0.38825

1The quarterly dividend per common share was increased 3.2% to $0.8875 from $0.86, effective March 1, 2023.

2The quarterly dividend per share paid on Preference Shares, Series D was increased to $0.33825 from $0.27875 on March 1, 2023 due to reset of the annual dividend on March 1, 2023.

3The quarterly dividend per share paid on Preference Shares, Series 19 was increased to $0.38825 from $0.30625 on March 1, 2023 due to reset of the annual dividend on March 1, 2023.