Western Union 2011 Annual Report Download - page 50

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Dividend Policy
During 2011, the Board of Directors declared quarterly cash dividends of $0.08 per common share payable on
December 30, 2011, October 7, 2011 and June 30, 2011, and $0.07 per common share payable on March 31,
2011. During 2010, the Board of Directors declared quarterly cash dividends of $0.07 per common share payable
on December 31, 2010, and $0.06 per common share payable on October 14, 2010, June 30, 2010 and March 31,
2010. The declaration and amount of future dividends will be determined by the Board of Directors and will
depend on our financial condition, earnings, capital requirements, regulatory constraints, industry practice and
any other factors that the Board of Directors believes are relevant. As a holding company with no material assets
other than the capital stock of our subsidiaries, our ability to pay dividends in future periods will be dependent on
our receiving dividends from our operating subsidiaries. Several of our operating subsidiaries are subject to
financial services regulations and their ability to pay dividends may be restricted.
On February 7, 2012, the Board of Directors declared a quarterly cash dividend of $0.10 per share payable on
March 30, 2012.
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