Western Union 2012 Annual Report Download - page 50

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45
Dividend Policy
During 2012, the Board of Directors declared quarterly cash dividends of $0.125 per common share payable on December
31, 2012, and $0.10 per common share payable on October 8, 2012, June 29, 2012 and March 30, 2012. 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. 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 21, 2013, the Board of Directors declared a quarterly cash dividend of $0.125 per share payable on March 29,
2013.