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EARNINGS PER COMMON SHARE AND DIVIDENDS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
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 common share are as follows:
Three months ended
September 30,
Nine months ended
September 30,
 2024202320242023
(number of shares in millions)    
Weighted average shares outstanding2,177 2,048 2,147 2,033 
Effect of dilutive options and RSUs3 3 
Diluted weighted average shares outstanding2,180 2,049 2,150 2,035 
Schedule of Preferred Stock Characteristics by Class
On October 29, 2024, our Board of Directors declared the following quarterly dividends. All dividends are payable on December 1, 2024 to shareholders of record on November 15, 2024.
Dividend per share
Common Shares$0.91500 
Preference Shares, Series A$0.34375 
Preference Shares, Series B$0.32513 
Preference Shares, Series D$0.33825 
Preference Shares, Series F$0.34613 
Preference Shares, Series G1
$0.43014 
Preference Shares, Series H$0.38200 
Preference Shares, Series I2
$0.40589 
Preference Shares, Series LUS$0.36612 
Preference Shares, Series N$0.41850 
Preference Shares, Series P
$0.36988 
Preference Shares, Series R
$0.39463 
Preference Shares, Series 1US$0.41898 
Preference Shares, Series 33
$0.33050 
Preference Shares, Series 44
$0.42206 
Preference Shares, Series 5
US$0.41769 
Preference Shares, Series 7
$0.37425 
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 19$0.38825 
1The quarterly dividend per share paid on Preference Shares, Series G was decreased to $0.43014 from $0.46817 on September 1, 2024 due to reset on a quarterly basis.
2The quarterly dividend per share paid on Preference Shares, Series I was decreased to $0.40589 from $0.44366 on September 1, 2024 due to reset on a quarterly basis.
3The quarterly dividend per share paid on Preference Shares, Series 3 was increased to $0.33050 from $0.23356 on September 1, 2024 due to reset of the annual dividend on September 1, 2024.
4The first quarterly dividend of $0.42206 per share paid on Preference Shares, Series 4 will be paid on December 1, 2024, due to conversion of Preference Shares, Series 3 into Preference Shares, Series 4 on September 1, 2024.