Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 6 Months Ended
Jun. 30, 2024
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
July 24, 2024 September 6, 2024 September 27, 2024 $ 0.26 
April 25, 2024 June 7, 2024 June 28, 2024 0.24 
January 31, 2024 March 1, 2024 March 29, 2024 0.24 
(1) In 2024, and through July 30, 2024.
During the three and six months ended June 30, 2024, the Corporation repurchased and retired 93 million and 165 million shares of common stock, which reduced shareholders’ equity by $3.5 billion and $6.0 billion, including excise taxes.
During the six months ended June 30, 2024, in connection with employee stock plans, the Corporation issued 71 million shares of its common stock and, to satisfy tax withholding obligations, repurchased 26 million shares of common stock. At June 30, 2024, the Corporation had reserved 555 million unissued shares of common stock for future issuances under employee stock plans, convertible notes and preferred stock.
On July 24, 2024, the Board of Directors declared a quarterly common stock dividend of $0.26 per share.
Preferred Stock
During the three months ended June 30, 2024 and March 31, 2024, the Corporation declared $310 million and $532 million of cash dividends on preferred stock, or a total of $842 million for the six months ended June 30, 2024. During the three months ended June 30, 2024, the Corporation fully redeemed Series U for $1.0 billion and Series JJ for $854 million. 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 2023 Annual Report on Form 10-K.