Whole Foods 2013 Annual Report Download - page 36

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27
On November 2, 2011, the Company’s Board of Directors increased the quarterly dividend by 40% to $0.07 per common share.
During fiscal year 2012, the Company made four quarterly dividend payments to shareholders totaling approximately $95
million. On November 7, 2012, the Company’s Board of Directors announced a 43% increase in the Company’s quarterly
dividend to $0.10 per common share, and on November 29, 2012 announced a special dividend of $1.00 per common share.
During fiscal year 2013, the Company made four quarterly dividend payments and one special dividend payment to shareholders
totaling approximately $508 million.
The following table provides a summary of dividends declared per common share during fiscal years 2013 and 2012 (in millions,
except per share amounts):
Date of declaration Dividend per
common share Date of record Date of payment Total amount
Fiscal year 2013:
November 29, 2012 $ 1.00 December 10, 2012 December 21, 2012 $ 371
November 7, 2012 0.10 January 18, 2013 January 29, 2013 37
March 15, 2013 0.10 April 12, 2013 April 23, 2013 37
June 12, 2013 0.10 July 5, 2013 July 16, 2013 37
September 10, 2013 (1) 0.10 September 27, 2013 October 8, 2013 37
Fiscal year 2012:
November 2, 2011 $ 0.07 January 13, 2012 January 24, 2012 $ 25
March 9, 2012 0.07 April 5, 2012 April 17, 2012 26
May 30, 2012 0.07 June 29, 2012 July 10, 2012 26
September 6, 2012 0.07 September 28, 2012 October 9, 2012 26
(1) Dividend accrued at September 29, 2013
On November 1, 2013, the Company’s Board of Directors authorized a 20% increase in the Company’s quarterly dividend to
$0.12 per common share. The Company will pay future dividends at the discretion of the Company’s Board of Directors. The
continuation of these payments, the amount of such dividends, and the form in which dividends are paid (cash or stock) depend
on many factors, including the results of operations and the financial condition of the Company. Subject to these qualifications,
the Company currently expects to pay dividends on a quarterly basis.
The following table outlines the share repurchase programs authorized by the Company’s Board of Directors, and the related
repurchase activity as of September 29, 2013 (in millions):
Authorization date Expiration date Amount
authorized
Cost of
repurchases
Authorization
available
November 2, 2011 November 1, 2013 $ 200 $ 153 $ 47
November 15, 2012 December 31, 2014 300 — 300
$ 500 $ 153 $ 347
Share repurchase activity for the fiscal years indicated was as follows (in millions, except per share amounts):
Number of
common
shares
acquired
Average price
per common
share acquired
Total cost of
common
shares
acquired
Fiscal year 2013:
First Quarter 0.5 $ 46.04 $ 26
Second Quarter 0.9 43.46 37
Third Quarter 0.5 51.83 25
Fourth Quarter 0.7 55.36 37
Total fiscal year 2013 2.6 $ 48.70 $ 125
Fiscal year 2012:
First Quarter 0.1 $ 31.85 $ 4
Second Quarter — — —
Third Quarter 0.6 43.20 24
Fourth Quarter — — —
Total fiscal year 2012 0.7 $ 41.34 $ 28