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DIVIDENDS AND DISTRIBUTIONS
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
DIVIDENDS AND DISTRIBUTIONS
11. DIVIDENDS AND DISTRIBUTIONS

The following table summarizes the Company’s dividends declared and payable during the six months ended June 30, 2025 and 2024:

Date declaredRecord datePayment datePer share
amount
Total amount
April 29, 2025June 13, 2025June 30, 2025$0.48 $337 
February 5, 2025March 14, 2025March 31, 20250.48 328 
Total dividends declared and payable for the six months ended June 30, 2025
$0.96 $665 
May 1, 2024June 14, 2024June 28, 2024$0.48 $300 
February 7, 2024March 15, 2024March 29, 20240.48 291 
Total dividends declared and payable for the six months ended June 30, 2024
$0.96 $591 

The Company has a dividend reinvestment plan, whereby the Company may buy shares of its common stock in the open market or issue new shares in order to satisfy dividend reinvestment requests. When the Company issues new shares in connection with the dividend reinvestment plan, the issue price is equal to the closing price of its common stock on the dividend payment date. Dividend reinvestment plan activity for the six months ended June 30, 2025 and 2024, was as follows:

For the Six Months Ended June 30,
20252024
Shares issued1.8 2.0 
Average issue price per share$22.06 $20.83