Western Union 2014 Annual Report Download - page 216

2014 FORM 10-K
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Our Board of Directors declared quarterly cash dividends of $0.125 per common share in all four quarters of 2014 and 2013,
representing $265.2 million and $277.2 million, respectively, in total dividends. During 2012, our 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 the first three quarters,
representing $254.2 million in total dividends. These amounts were paid to shareholders of record in the respective quarter the
dividend was declared, except for the September 2012 declared dividend, which was paid in October 2012.
On February 10, 2015, the Board of Directors declared a quarterly cash dividend of $0.155 per common share payable on
March 31, 2015.
Debt Service Requirements
Our 2015 and future debt service requirements will include payments on any existing and future borrowings under our
commercial paper program and interest payments on all outstanding indebtedness. In August and December 2015, our 2015 Floating
Rate Notes of $250.0 million and 2015 Fixed Rate Notes of $250.0 million, respectively, will mature. We plan to fund both
maturities with a combination of cash, including cash generated from operations, and debt, including issuing commercial paper,
as the borrowings come due.
Our ability to continue to grow the business, make investments in our business, make acquisitions, return capital to shareholders,
including through dividends and share repurchases, and service our debt will depend on our ability to continue to generate excess
operating cash through our operating subsidiaries and to continue to receive dividends from those operating subsidiaries, our ability
to obtain adequate financing and our ability to identify acquisitions that align with our long-term strategy.
Off-Balance Sheet Arrangements
Other than facility and equipment leasing arrangements disclosed in Part II, Item 8, Financial Statements and Supplementary
Data, Note 12, "Operating Lease Commitments," we have no material off-balance sheet arrangements that have or are reasonably
likely to have a material current or future effect on our financial condition, revenues or expenses, results of operations, liquidity,
capital expenditures or capital resources.