Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 9 Months Ended
Sep. 30, 2023
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 18, 2023 December 1, 2023 December 29, 2023 $ 0.24 
July 19, 2023
 September 1, 2023 September 29, 2023 0.24 
April 26, 2023
 June 2, 2023 June 30, 2023 0.22 
February 1, 2023
 March 3, 2023 March 31, 2023 0.22 
(1) In 2023, and through October 31, 2023.
During the three and nine months ended September 30, 2023, the Corporation repurchased and retired 33 million and 119 million shares of common stock, which reduced shareholders’ equity by $1.0 billion and $3.8 billion.
During the nine months ended September 30, 2023, 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. At September 30, 2023, the Corporation had reserved 496 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock.
On October 18, 2023, the Board of Directors declared a quarterly common stock dividend of $0.24 per share.
Preferred Stock
During the three months ended September 30, 2023, June 30, 2023 and March 31, 2023, the Corporation declared $531 million, $306 million and $505 million of cash dividends on preferred stock, or a total of $1.3 billion for the nine months ended September 30, 2023. 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 2022 Annual Report on Form 10-K.