Western Union 2012 Annual Report Download - page 124

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THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
119
The components of accumulated other comprehensive loss, net of tax, were as follows (in millions):
Year Ended December 31,
2012 2011 2010
Unrealized gains on investment securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7.7 $ 4.9 $ 3.1
Unrealized gains/(losses) on hedging activities . . . . . . . . . . . . . . . . . . . . . . . . . . (21.9) 5.1 (21.9)
Foreign currency translation adjustment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8.5)(6.3)(4.3)
Defined benefit pension liability adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . (129.9)(122.2)(109.7)
$(152.6)$ (118.5)$ (132.8)
Cash Dividends Paid
During 2012, the Company's Board of Directors declared a quarterly cash dividend of $0.125 per common share in the fourth
quarter and $0.10 per common share in each of the first three quarters, representing $254.2 million in total dividends. Of this
amount, $72.0 million was paid on December 31, 2012, $59.9 million was paid on October 8, 2012, $60.7 million was paid on
June 29, 2012 and $61.6 million was paid on March 30, 2012. During 2011, the Company's Board of Directors declared quarterly
cash dividends of $0.08 per common share in each of the last three quarters of 2011 and $0.07 per common share in the first quarter
of 2011, representing $194.2 million in total dividends. Of this amount, $49.6 million was paid on both December 30, 2011 and
October 7, 2011, $50.3 million was paid on June 30, 2011 and $44.7 million was paid on March 31, 2011. During 2010, the
Company's Board of Directors declared quarterly cash dividends of $0.07 per common share in the fourth quarter and $0.06 per
common share in each of the first three quarters representing $165.3 million in total dividends. Of this amount, $45.8 million was
paid on December 31, 2010, $39.4 million was paid on October 14, 2010, $39.6 million was paid on June 30, 2010 and $40.5
million was paid on March 31, 2010.
On February 21, 2013, the Company's Board of Directors declared a quarterly cash dividend of $0.125 per share payable on
March 29, 2013.
Share Repurchases
During the years ended December 31, 2012, 2011 and 2010, 51.0 million, 40.3 million and 35.6 million shares, respectively,
have been repurchased for $771.9 million, $800.0 million and $584.5 million, respectively, excluding commissions, at an average
cost of $15.12, $19.83 and $16.44 per share, respectively. As of December 31, 2012, $393.6 million remains available under share
repurchase authorizations approved by the Board of Directors through December 31, 2013.