Amgen 2011 Annual Report Download - page 82
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During the three months and year ended December 31, 2011, we had one outstanding stock repurchase
program. Our repurchase activity for the three months and year ended December 31, 2011, was as follows:
Total
number of
shares
purchased
Average
price paid
per share(1)
Total number
of shares
purchased as
part of
publicly
announced
program
Maximum $
value that may
yet be purchased
under the
program(2)
October 1 - October 31 ....................... 2,728,703 $53.99 2,728,703 $10,000,000,000
November 1 - November 30 ................... — — — 10,000,000,000
December 1 - December 31 ................... 83,333,333 60.08 83,333,333 4,993,072,585
86,062,036 59.89 86,062,036
January 1 - December 31 ..................... 144,331,565 $57.55 144,331,565
(1) Average price paid per share includes related expenses.
(2) Following the repurchase of $147 million in additional shares in early October 2011, on October 13, 2011,
our Board of Directors increased the authorization for repurchase of our common stock by $6.1 billion to an
aggregate of $10 billion.
Dividends
We began paying quarterly cash dividends in 2011. On July 28 and October 13, 2011, the Board of
Directors declared quarterly cash dividends of $0.28 per share of common stock, which were paid on
September 8 and December 8, 2011, respectively. Additionally, on December 15, 2011, the Board of Directors
declared a quarterly cash dividend of $0.36 per share of common stock, which will be paid on March 7, 2012, to
all stockholders of record as of the close of business on February 15, 2012. We expect to continue to pay
quarterly dividends, although the amount and timing of any future dividends are subject to approval by our Board
of Directors.
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