Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Common Stock
Declared Quarterly Cash Dividends on Common Stock (1)
Declaration Date Record Date Payment Date Dividend Per Share
October 19, 2022 December 2, 2022 December 30, 2022 $ 0.22 
July 20, 2022 September 2, 2022 September 30, 2022 0.22 
April 27, 2022 June 3, 2022 June 24, 2022 0.21 
February 2, 2022 March 4, 2022 March 25, 2022 0.21 
(1) In 2022, and through October 28, 2022.
On October 19 2022, the Board of Directors declared a quarterly common stock dividend of $0.22 per share.
During the three and nine months ended September 30, 2022, the Corporation repurchased and retired 13 million and 98 million shares of common stock, which reduced shareholders’ equity by $450 million and $4.1 billion.
During the nine months ended September 30, 2022, in connection with employee stock plans, the Corporation issued 73 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 28 million shares of its common stock.
Preferred Stock
During the three months ended September 30, 2022, June 30, 2022 and March 31, 2022 the Corporation declared $503 million, $315 million and $467 million of cash dividends on preferred stock, or a total of $1.3 billion for the nine months ended September 30, 2022. For more information on the Corporation’s preferred stock, including liquidation preference, dividend requirements and redemption period, see Note 13 – Shareholders’ Equity to the Consolidated Financial Statements of the Corporation’s 2021 Annual Report on Form 10-K.