Symantec 2013 Annual Report Download - page 127
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Stockholders
As of March 29, 2013, there were 2,218 stockholders of record.
Dividends
As of March 29, 2013, Symantec had never declared or paid any cash dividends on its capital stock. We
intend to pay a quarterly cash dividend beginning in fiscal 2014. On May 2, 2013, our board of directors
approved a quarterly dividend of $0.15 per share of common stock to be paid on June 27, 2013 to all
stockholders of record as of the close of business on June 19, 2013. Any future dividends will be subject to the
approval of our board of directors. The dividend policy, future declarations of dividends, and payment dates will
be subject to the board of directors’ continuing determination that the policy and the declaration of dividends
thereunder are in the best interest of our stockholders and are in compliance with applicable law. The board of
directors retains the power to modify, suspend, or cancel our dividend policy in any manner and at any time that
it may deem necessary or appropriate in the future.
Repurchases of our equity securities
Stock repurchases during the three months ended March 29, 2013 were as follows:
Total Number of
Shares Purchased
Average Price
Paid per Share
Total Number of
Shares Purchased
Under Publicly
Announced
Plans or Programs
Maximum Dollar
Value of Shares
That May Yet Be
Purchased Under
the Plans
or Programs
(In millions, except per share data)
December 29, 2012 to January 25, 2013 . . . 5 $20.15 5 $1,192
January 26, 2013 to February 22, 2013 .... 2 $21.98 2 $1,158
February 23, 2013 to March 29, 2013 ..... — $ — — $1,158
Total ............................... 7 $20.61 7
We have had stock repurchase programs in the past and have repurchased shares on a quarterly basis since
the fourth quarter of fiscal 2004. In the fourth quarter of fiscal 2013, our board of directors authorized a new $1.0
billion stock repurchase program to commence in fiscal 2014. Including our previously approved stock
repurchase program, $1.2 billion remain authorized for future repurchases as of March 29, 2013. Both programs
do not have an expiration date.
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