Amgen 2012 Annual Report Download - page 133

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F-34
15. Stockholders’ equity
Stock repurchase program
Activity under our stock repurchase program was as follows for the years ended December 31, 2012, 2011 and 2010 (in
millions):
2012 2011 2010
Shares Dollars Shares Dollars Shares Dollars
First quarter 21.0 $ 1,429 — $ 29.1 $ 1,684
Second quarter 17.4 1,203 12.9 732 10.3 616
Third quarter 9.7 797 45.4 2,421 6.6 364
Fourth quarter 14.2 1,233 86.0 5,154 (1) 20.5 1,136
Total stock repurchases 62.3 $ 4,662 144.3 $ 8,307 66.5 $ 3,800
___________
(1) Includes the repurchase of 83.3 million shares of our common stock at an average price paid per share of $60.08, including
related expenses, for an aggregate cost of $5.0 billion, under a modified Dutch auction tender offer.
In December 2012, the Board of Directors approved an increase in the share repurchase authorization by $2.0 billion, and
as of December 31, 2012, $2.3 billion remained available under this stock repurchase program.
Dividends
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. On December 15, 2011, and March 15, July 19 and
October 10, 2012, the Board of Directors declared quarterly cash dividends of $0.36 per share of common stock, which were paid
on March 7, June 7, September 7 and December 7, 2012, respectively. Additionally, on December 13, 2012, the Board of Directors
declared a quarterly cash dividend of $0.47 per share of common stock, which will be paid on March 7, 2013.