Western Union 2015 Annual Report Download - page 180

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Our Board of Directors declared quarterly cash dividends of $0.155 per common share in all four quarters of 2015, representing
$316.5 million in total dividends. 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. These amounts
were paid to shareholders of record in the respective quarter the dividend was declared.
On February 9, 2016, the Board of Directors declared a quarterly cash dividend of $0.16 per common share payable on March
31, 2016.
Debt Service Requirements
Our 2016 and future debt service requirements will include payments on all outstanding indebtedness including any borrowings
under our commercial paper program. In October 2016, our 2016 Notes of $1.0 billion will mature. We plan to fund this maturity
by refinancing a portion of this debt and repaying a portion using cash, including cash generated from operations.
Our ability 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.
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