Cablevision 2014 Annual Report Download - page 158
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COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except share and per share amounts)
F-69
time to time in the open market. Size and timing of these purchases will be determined based on market conditions and other
factors. Funding for the repurchase program will be met with cash on hand, cash from operations, and/or borrowings under CSC
Holdings' revolving loan facility, which would be distributed to Cablevision.
During the years ended December 31, 2014 and 2013, Cablevision did not repurchase any shares of CNYG Class A common stock.
Since inception through December 31, 2014, Cablevision repurchased an aggregate of 45,282,687 shares for a total cost of
$1,044,678, including commissions of $453. These acquired shares have been classified as treasury stock in Cablevision's
consolidated balance sheets. As of December 31, 2014, Cablevision had $455,322 of availability remaining under its stock
repurchase authorizations.
NOTE 20. SUBSEQUENT EVENTS
On February 24, 2015, the Board of Directors of Cablevision declared a cash dividend of $0.15 per share payable on April 3, 2015
to stockholders of record on both its CNYG Class A common stock and CNYG Class B common stock as of March 16, 2015.